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Committee advances Keystone Saves retirement‑savings program bill after privacy amendment
Summary
House Bill 1263 to establish Keystone Saves — a retirement‑savings program for workers without employer plans — was amended to limit uses of collected information and was reported out of committee amid debate about whether the plan is voluntary or mandates a state program.
The House Commerce Committee voted to report House Bill 1263, the Keystone Saves program, which would create an option for employees whose employers do not offer retirement savings to enroll in a state‑facilitated program.
Committee staff summarized the bill as establishing Keystone Saves. Representative Boutwell described the program as a vehicle for the nearly 2,000,000 Pennsylvania workers who do not have access…
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