Ohio Secure Choice Retirement Savings Program

Ohio Senate minority leader Eric Kearney last Wednesday introduced a bill with the intent of setting up an “Ohio Secure Choice Retirement Savings Program” under which a person or entity engaged in a business, industry, profession, trade, or other enterprise in this state, whether for profit or not for profit, excluding any governmental entity, that has twenty or more employees and that satisfies the requirements to establish or participate in such payroll deposit retirement savings arrangements, offer employees such opportunity; establish anOhio Secure Choice Retirement Savings Trust from which retirement benefits would be paid to Program participants; and create the Ohio Secure Choice Retirement Savings Investment Board, chaired by the Treasurer of State, to oversee the operation of the Program.

Text of Bill