SB 24

Indiana Senate bill in Session 2026.

Status: failed. Latest action: December 8, 2025.

State administered retirement program.

Bill ID IN-2026-SB-24
Session 2026
Status failed
Committee Appropriations
Senate failed 2025-12-08
Tax / Budget / Appropriations
Summary

Establishes a board to design, establish, and operate a state administered retirement program (program) that automatically enrolls specified private sector employees. Requires program compliance by certain employers that have not, in the previous two calendar years, offered a qualified retirement plan to employees. Specifies the powers and duties of the board. Specifies program requirements, including default contribution levels and program fees. Requires the board to contract with investment managers, private financial institutions, or other service providers to invest money and administer the program. Limits the liability of particular parties associated with the program. Specifies board requirements for disclosure, audits, and reports. Requires the board to adopt certain rules. Makes an appropriation.

Sponsor
Vaneta Becker
Official Source Back to Bills
Actions Timeline
Date Event Detail
2025-12-08 Introduced Bill introduced
2025-12-08 Status failed
2025-12-08 Latest Action Senator Hunley added as coauthor
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