North Carolina Work and Save Program establishes a retirement savings program for small businesses.

The North Carolina Work and Save Program establishes a Small Business Retirement Savings Program to facilitate tax-favored contributions to individual retirement accounts (IRAs) for employees of small businesses. The program aims to provide a voluntary, low-cost, and portable retirement savings option for moderate- and lower-income working households. The North Carolina Small Business Retirement Savings Program Board, appointed by the Governor and General Assembly, will oversee the program. The Board will establish rules for enrollment, investment options, and account management.

North Carolina Work and Save Program establishes a retirement savings program for small businesses.

The North Carolina Work and Save Program establishes a Small Business Retirement Savings Program to facilitate tax-favored contributions to individual retirement accounts (IRAs) for employees of small businesses. The program aims to provide a voluntary, low-cost, and portable retirement savings option for moderate- and lower-income working households. The North Carolina Small Business Retirement Savings Program Board, appointed by the Governor and General Assembly, will oversee the program. The Board will establish rules for enrollment, investment options, and account management.