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HB2649: Establishing the Kansas empowerment savings program, authorizing certain employees to contribute to individual retirement accounts through an automatic payroll deduction and providing powers, duties, functions and responsibilities of the Kansas empowerment savings program board of trustees within the state treasurer's office concerning such program.
IntroducedHouse
Introduced
In Committee
Passed Chamber
Passed Both
Signed
Plain-Language Summary
This bill creates a program allowing certain employees to contribute to individual retirement accounts through automatic payroll deductions.
Who This Affects
The program would affect Kansas workers who are eligible to participate and want to start saving for their retirement. This could be especially important for low- to moderate-income workers who may not have access to other retirement savings options.
Key Provisions
• The bill establishes the Kansas empowerment savings program, allowing employees to contribute to individual retirement accounts through automatic payroll deductions.
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Timeline
Introduced
Monday, February 2, 2026
Last Action
House Hearing: Wednesday, February 11, 2026, 9:00 AM Room 582-N - CANCELED
Feb 10, 2026
Sponsors
No sponsors listed.
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