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House approves 'Keystone Saves' retirement-access bill after partisan floor debate
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Summary
House Bill 12,63 (Keystone Saves) passed the House after debate focusing on retirement security, opt-out mechanics and government role; supporters said the plan will increase retirement access, opponents warned of state overreach and cost to small businesses.
House Bill 12,63, described on the floor as the "Keystone Saves" retirement access proposal, passed the House on May 13 after a series of floor speeches for and against the measure.
Representative Mullins, the bill’s sponsor, said the bill will expand retirement access to roughly 44% of working Pennsylvanians who currently lack employer-sponsored plans and argued it reduces long-term reliance on safety-net programs. Opponents, including Representative Rossi, described the proposal as an unwarranted government intrusion on small businesses that would impose administrative burdens and create a state-run program with an advisory board and multiple funds.
On final passage, the clerk recorded ayes 102 and nays 101. The bill passed the House and will be sent to the Senate for consideration.
Ending: HB 12,63 passed the House on a narrow recorded vote; next steps include Senate consideration and administrative design if enacted.
