Retirement: other; MI secure retirement program board; establish. Creates new act. TIE BAR WITH: HB 5336'25

HB 5335 creates the Secure Retirement Savings Board within Michigan's Department of Treasury to administer the state's Secure Retirement Program. The board, consisting of 7 members including the state treasurer (as chair), two public retirement experts, an employer representative, and an enrollee representative appointed by the governor, will oversee program operations. It establishes membership terms, appointment procedures, and requires senate confirmation for governor's appointments. This bill directly affects Michigan residents participating in the state's retirement savings program by defining the governing body responsible for its management.