Minnesota SF4904: Launch Account Contribution Program Act establishment

What the bill says

A bill for an act relating to retirement; requiring the commissioner of management and budget to establish a program allowing state employees to contribute to a Launch Account and have employer matching contributions to the Minnesota deferred compensation plan be redirected for deposit in a Launch Account; proposing coding for new law in Minnesota Statutes, chapter 43A.

From the introduced text, March 25, 2026:

A bill for an act relating to retirement; requiring the commissioner of management and budget to establish a program allowing state employees to contribute to a Launch Account and have employer matching contributions to the Minnesota deferred compensation plan be redirected for deposit in a Launch Account; proposing coding for new law in Minnesota Statutes, chapter 43A. Section 1. new text begin [ADDED: [43A.51] LAUNCH ACCOUNT CONTRIBUTION PROGRAM.] new text end new text begin [ADDED: Subdivision 1.] new text end new text begin [ADDED: Citation.] new text end new text begin [ADDED: This section shall be known and may be cited as the "Launch Account Contribution Program Act."] new text end new text begin [ADDED: Subd. 2.] new text end new text begin [ADDED: Definitions.] new text end new text begin [ADDED: (a) For purposes of this section:] new text end new text begin [ and] new text end new text begin [ADDED: (2) a term defined in section 43A.02 has the same meaning given in that section unless the term is defined in this subdivision.] new text end new text begin [ADDED: (b) "Deferred compensation plan" means the Minnesota deferred compensation plan established in section 352.965.] new text end new text begin [ADDED: (c) "Employer matching contribution" means a contribution made by a state employee's employer to the employee's …

Read the full official text

Sponsors

• Jeff Howe (R) · primary sponsor

Latest actions

1. April 13, 2026: Withdrawn and re-referred to State and Local Government
2. March 26, 2026: Referred to Agriculture, Veterans, Broadband, and Rural Development
3. March 26, 2026: Introduction and first reading

Common questions

What is SF4904?

SF4904 is a bill in the Minnesota Legislature (94th Legislature 2025-2026): Launch Account Contribution Program Act establishment.

What does SF4904 do?

In its own words: A bill for an act relating to retirement; requiring the commissioner of management and budget to establish a program allowing state employees to contribute to a Launch Account and have employer matching contributions to the Minnesota deferred compensation plan be redirected for deposit in a Launch Account; proposing coding for new law in Minnesota Statutes, chapter 43A.

What is the status of SF4904?

In committee as of April 13, 2026. Latest action: Withdrawn and re-referred to State and Local Government (April 13, 2026).

Who sponsored SF4904?

Jeff Howe (R).

Where is the official record for SF4904?

On the Minnesota Legislature website: https://www.revisor.mn.gov/bills/bill.php?f=SF4904&y=2025&ssn=0&b=senate