SB0024

Establishes a state-administered retirement program for private sector employees.

Creates a board to design and operate a retirement program for private sector employees, automatically enrolling them with a default contribution of 5% of wages. Specifies program requirements, including fees, investment options, and employer compliance. Establishes the Hoosier Crossroads Retirement Fund to hold program assets. Limits state liability and employer responsibility for program outcomes. Requires annual reports and audits, and sets penalties for employer noncompliance.