Rhode Island S3086 amends the Rhode Island Secure Choice Retirement Savings Program Act to facilitate continued administration and inter-state.

Rhode Island S3086 makes several technical amendments to the Rhode Island Secure Choice Retirement Savings Program Act. It ensures that eligible employers with more than 50 employees must provide a payroll deposit retirement savings arrangement within 36 months of the program's enrollment opening. Employers with over 100 employees must do so within 12 months. Employers offering a qualified retirement plan are exempt. Eligible employees are automatically enrolled unless they opt out. The state investment commission reviews investment options every three years.

Rhode Island S3086 amends the Rhode Island Secure Choice Retirement Savings Program Act to facilitate continued administration and inter-state.

Rhode Island S3086 makes several technical amendments to the Rhode Island Secure Choice Retirement Savings Program Act. It ensures that eligible employers with more than 50 employees must provide a payroll deposit retirement savings arrangement within 36 months of the program's enrollment opening. Employers with over 100 employees must do so within 12 months. Employers offering a qualified retirement plan are exempt. Eligible employees are automatically enrolled unless they opt out. The state investment commission reviews investment options every three years.