Relating to wage deductions for employee benefits.
Catchline/Summary:
Permits employer to make deduction from employee's wages for contribution to individual account for employee's benefit in plan maintained under section 125, 401(k), 403(b), 408, 408A or 457 of Internal Revenue Code if employee is given written notice of contribution before initial deduction is made. Permits employer to make deduction from employee's wages for contribution to individual account for employee's benefit in plan maintained under section 125, 401(k), 403(b), 408, 408A or 457 of Internal Revenue Code if employee is given written notice of contribution before initial deduction is made. Requires notice to include description of benefit and right to cancel contribution by instruction to employer, including procedure for giving instruction.
Chapter Number:
Fiscal Impact:
May Have Fiscal Impact, But No Statement Yet Issued
Revenue Impact:
May Have Revenue Impact, But No Statement Yet Issued
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HB 2467 House Committee On Workforce and Economic Development
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