Senate committee rejects Peach State Saves automatic retirement plan
The Georgia Senate Retirement Committee heard hours of testimony on SB226, the Peach State Saves Act, including witnesses from Pew, ERS and AARP, and after debate the committee voted 5-4 to defeat the bill in committee.
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The Georgia Senate Retirement Committee on an informational hearing considered Senate Bill 226, the Peach State Saves Act, a proposal to require employers with five or more employees to either facilitate enrollment in a state-run automatic IRA program or maintain a private retirement plan. After testimony from national and state witnesses and extended questioning from committee members, the committee voted 5-4 against advancing the bill.
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