Note: This is a summary of a select section of Public Act 16-29. Click here to view Public Act 16-29 in its entirety.

Business Contribution

The bill prohibits employers from making contributions to the program. (Employer contributions would make the program fall under ERISA’s regulatory authority. In general, retirement programs that include private sector employer contributions are regulated under ERISA.)Click here to view more Public Act 16-29 summaries.

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