North Carolina legislation · 2025-2026 Session
North Carolina S110: North Carolina Work and Save.
Status: Introduced, May 1, 2025
What the bill says
An act to create the small business retirement savings program and to appropriate funds.
From the introduced text:
A BILL TO BE ENTITLED AN ACT TO CREATE THE SMALL BUSINESS RETIREMENT SAVINGS PROGRAM AND TO APPROPRIATE FUNDS. Whereas, the General Assembly finds that too many North Carolina citizens have no or inadequate savings for retirement, and an estimated 1.7 million North Carolina working families, including employees, independent contractors, and the self-employed, have no access to an employer-sponsored retirement plan or program or any other easy way to save at work; and Whereas, it is the policy of the State to assist the North Carolina private-sector workforce, including in particular moderate- and lower-income working households, to voluntarily save for retirement, including by facilitating saving in individual retirement accounts (IRAs) as well as by encouraging employers to adopt retirement savings and other retirement plans for employees in the State; and Whereas, more adequate, portable, low-cost, and consumer-protective retirement saving by North Carolina households will enhance their retirement security and ultimately reduce the pressure on State public assistance programs for retirees and other elderly citizens and the potential burden on North Carolina taxpayers to finance such programs; and Whereas, the General Assembly intends to establish a North Carolina Work and Save Program that will use the services of competent and qualified private-sector entities selected by the North Carolina Small Business Retirement Savings Program Board to administer the Program and manage the …
Sponsors
- Hanig, Bobby (R, 1) · primary sponsor
- Moffitt, Timothy D. (R, 48) · primary sponsor
- Adcock, Gale (D, 16) · primary sponsor
- Applewhite, Val (D, 19)
- Blue, Dan (D, 14)
- Burgin, Jim (R, 12)
- Chaudhuri, Jay J. (D, 15)
- Grafstein, Lisa (D, 13)
- Jones, Dana (R, 31)
- Lowe, Paul A. (D, 32)
- Mayfield, Julie (D, 49)
- Salvador, DeAndrea (D, 39)
Latest actions
- : Re-ref Com On Appropriations/Base Budget
- : Withdrawn From Com
- : Ref To Com On Rules and Operations of the Senate
- : Passed 1st Reading
- : Filed
Subjects: COUNCIL OF STATE, BUDGETING, SPEAKER, COMMERCE, MEMBERSHIP, FUNDS & ACCOUNTS, BOARDS, SMALL BUSINESS
Common questions
- What is S110?
- S110 is a bill in the North Carolina Legislature (2025-2026 Session): North Carolina Work and Save.
- What does S110 do?
- In its own words: An act to create the small business retirement savings program and to appropriate funds.
- What is the status of S110?
- Introduced as of May 1, 2025. Latest action: Re-ref Com On Appropriations/Base Budget (May 1, 2025).
- Who sponsored S110?
- Hanig, Bobby (R, 1), with 11 co-sponsors.
- Where is the official record for S110?
- On the North Carolina Legislature website: https://www.ncleg.gov/BillLookUp/2025/S110
Source: official North Carolina record. Tracked by Delilah, AI for legislation across all 50 states and Congress.