Mississippi Work and Save Program; create.

SB 2885 creates the Mississippi Work and Save Program, a state-sponsored retirement savings initiative for Mississippi employers that don’t currently offer retirement plans. It allows eligible employees of participating employers to voluntarily contribute to a Roth IRA through payroll deductions, with the state covering administrative costs via a dedicated fund. The program mandates that contributions go into Roth IRAs with target-date fund investments and specifies that employers and the state are protected from liability. It directly affects private-sector employers without retirement plans and their employees (excluding federal/state workers, railroad employees, and those in multiemployer plans), aiming to improve retirement savings access for moderate- and lower-income workers.