An Act relative to the SMART plan

This bill modifies Massachusetts' deferred compensation program for state employees and government agencies. It establishes an automatic enrollment feature for new state employees hired on or after June 1, 2022 (and new employees of other government bodies hired after June 1, 2024), requiring no prior employee authorization. Key provisions include automatic annual salary deferral increases unless opted out, a 90-day window to discontinue participation, and requirements for default investment options. The change exempts automatic enrollment from standard payroll deduction authorization rules under the Massachusetts Wage Act. It directly affects all new state and local government employees participating in deferred compensation programs.