AN ACT relating to retirement income savings plans for private sector employees.

Create new sections of KRS Chapter 41 to establish the Commonwealth Retirement Savings Plan as a voluntary payroll-deduction Roth IRA savings program for employees of private employers with fewer than 50 employees; define terms; create a governing board of trustees and specify responsibilities of the board in plan design and oversight; require the board to contract with a third-party administrator for plan administration; establish that the plan shall be implemented and enrollment of employees shall…

Introduced: February 9, 2026

Last action: February 17, 2026

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This bill would create a new state-run retirement savings program called the Commonwealth Retirement Savings Plan, allowing employees of smaller private businesses to save for retirement through voluntary payroll deductions into a Roth IRA. It would apply to workers at private employers with fewer than 50 employees, with enrollment set to begin July 1, 2028, if enough funding is in place. A governing board and a third-party administrator would oversee the program. Who it may affect: employees and employers at small private businesses with fewer than 50 workers.

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