Commissioner of employment and economic development required to disclose information, and administrative and technical changes made to the Minnesota Secure Choice Retirement Program Act.
HF 2942 requires Minnesota's Commissioner of Employment and Economic Development to disclose employer information to the Secure Choice Retirement Program within 30 days of a request. This affects businesses with 5+ employees that don’t already offer retirement plans, as they may be designated as "covered employers" needing to enroll staff. The bill creates a certification process allowing entities to formally claim they’re not covered employers (e.g., due to size, existing plans, or government status), with a 30-day review period by the program’s executive director. It also clarifies key terms like "enrollment window" for phased program implementation under Minnesota Statutes.
Bill status
in committee
1 of 4 stages cleared
Introduction
Apr 2025
Committee Review
Floor Vote
Governor
Introduced Apr 1, 2025
Last action Apr 1, 2025
Floor votes
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No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Apr 1, 2025
Introduced
Introduction and first reading, referred to State Government Finance and Policy
lower
1 primary · 1 co-sponsor
Sponsors
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