A BILL TO BE ENTITLED
AN ACT TO direct the department of state treasurer to study the ESTABLISHment of A VOLUNTARY "WORK AND SAVE" RETIREMENT PROGRAM aimed at iNCREASING the RETIREMENT SAVINGS OPTIONS FOR PRIVATE SECTOR WORKERS whose employers do not provide retirement savings plans.
The General Assembly of North Carolina enacts:
SECTION 1.  The Department of State Treasurer shall study the establishment of a State‑administered "Work and Save" program aimed at increasing the retirement savings options available to private sector workers whose employers do not provide retirement savings plans. Participation in such a program would be entirely voluntary and benefits would be portable between employers. In conducting the study, the Department shall consider the recommendations for such a program made by AARP.
SECTION 2.  The Department of State Treasurer shall reports its findings and recommendations to the 2015 General Assembly when it reconvenes in 2016. Any recommendations for legislation made by the Department of State Treasurer pursuant to this act shall be eligible for introduction in the same manner as the recommendations of study commissions, authorities, and statutory commissions authorized or directed to report to the 2015 General Assembly when it reconvenes in 2016.
SECTION 3.  This act is effective when it becomes law.