Establishes a retirement account program for personal care attendants and family child care providers in Massachusetts.
The bill mandates the Executive Office of Health and Human Services and the Department of Early Education and Care to create a retirement account program for personal care attendants and family child care providers. The program will allow eligible individuals to contribute through payroll deductions and other means. State employers will contribute a set amount with each paycheck, with a minimum matching contribution rate. The program will be professionally managed, with no or limited fees charged to participants.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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