S1018 · Deferred Compensation Plans for Public Employees

Deferred Compensation Plans for Public Employees; Citing this act as the "Deferred Compensation Automatic Enrollment Act"; authorizing the inclusion of an automatic enrollment arrangement in a government employee’s deferred compensation plan; requiring that the automatic enrollment arrangement provide employees the ability to make certain elections regarding contributions; requiring that the plan provide for a default investment into which contributions must be placed under a specified circumstance; authorizing counties, municipalities, political subdivisions, and constitutional county officers to adopt automatic enrollment arrangements for specified deferred compensation programs, etc.