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SB2885Introduced in the Senate

Mississippi Work and Save Program; create.

Failed

Introduced by Walter Michel, District 25

What does this bill do?

Plain-English breakdown

Writing a plain-English summary of this bill… this can take a few seconds the first time.

Official description

An Act To Create The Mississippi Work And Save Program, Which Is A Retirement Savings Program Sponsored By The State For Certain Employers Who Do Not Already Offer A Retirement Plan That Will Allow Those Employers To Offer Eligible Employees The Voluntary Choice To Contribute To An Individual Retirement Account (ira) Through A Payroll Deduction; To Provide The Powers, Authority And Duties Of The State Treasurer; To Prescribe The Requirements For The Program; To Provide That The Ira To Which Contributions Are Made Will Be A Roth Ira And The Standard Package Will Be A Roth Ira With A Target Date Fund Investment And A Specified Contribution Percentage; To Provide Certain Protection From Liability For Employers In The Program And For The State; To Provide For The Confidentiality Of Participant And Account Information; To Create The Mississippi Work And Save Administrative Fund As A Special Fund In The State Treasury; To Provide That Monies In The Fund Shall Be Expended Upon Appropriation Of The Legislature, For The Purposes Authorized In This Act; And For Related Purposes.

Where it stands

Died In Committee

March 3, 2026

How did lawmakers vote?

SenateStage: Senate Passed · February 4, 2026

52

Yes

0

No

0

Absent or Not Voting

52 senators recorded in this Senate vote. Colors show vote categories only, not whether a vote was good or bad.

What do people think?

Citizen Voice

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See how each senator voted

Bill history

  1. Referred To Finance

  2. Title Suff Do Pass

  3. Passed

  4. Transmitted To House

  5. Referred To State Affairs;Accountability, Efficiency, Transparency

  6. Died In Committee

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