S.110

North Carolina Work and Save

Introduced·2/17/25

North Carolina S110 establishes a Small Business Retirement Savings Program for small businesses and self-employed individuals.

North Carolina S110 creates the Small Business Retirement Savings Program, also known as North Carolina Work and Save, to facilitate voluntary retirement savings for small businesses and self-employed individuals. The program aims to address the lack of retirement savings among North Carolina citizens by offering a payroll deduction retirement savings program.

Included in complete analysis

  • Overview
  • Core Provisions
  • Implementation
  • Impact
  • Legal Framework
  • Critical Issues

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Where it stands

Current
Appropriations/Base Budget Committee
Next
Committee decision

Sponsors

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9
4
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Democratic CaucusRepublican Caucus

History

May 1, 2025

Senate

Withdrawn From Com

May 1, 2025

Senate

Re-ref Com On Appropriations/Base Budget

Feb 18, 2025

Senate

Passed 1st Reading