HB 1403: Deferred Compensation Plans for Public Employees

GENERAL BILL by Salzman

Deferred Compensation Plans for Public Employees; Authorizes inclusion of automatic enrollment arrangement in government employee's deferred compensation plan; requires that automatic enrollment arrangement be established with default contribution rate; authorizes periodic reenrollment of specified government employees; authorizes periodic resetting of contribution rates for specified government employees; requires that automatic enrollment arrangement provide employees ability to make certain elections regarding contributions; requires that plan provide for default investment into which contributions must be placed under specified circumstance; authorizes counties, municipalities, political subdivisions, & constitutional county officers to adopt automatic enrollment arrangements for specified deferred compensation programs; provides that deferred compensation plan of state may adopt automatic enrollment arrangement only upon approval of Legislature; requires that certain deduction of wages or salary of employees be treated in specified manner.

Current Bill Version Posted: 1/9/2026 01:44 PM

• Related Bills (1)

  Bill Number Subject Filed By Last Action and Location	Relationship Learn more about bill relationships
  S 1018 by Truenow Deferred Compensation Plans for Public Employees Last Action: 1/13/2026 S Introduced	Identical

• Citations - Statute (3)

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  110.114	Employee wage deductions.	Page 4 (pdf)
  112.171	Employee wage deductions.	Page 5 (pdf)
  112.215	Government employees; deferred compensation program.	Page 2 (pdf)

• Bill History

  S = Senate, H = House

  1/9/2026	H	• Filed
  1/13/2026	H	• 1st Reading (Original Filed Version)
  1/15/2026	H	• Referred to Government Operations Subcommittee • Referred to State Affairs Committee • Now in Government Operations Subcommittee