to adopt the meeting minutes from June 20, 2024.
Representative Mentzer moved to adopt the meeting minutes from June 20, 2024. There being no objection, the motion prevailed by unanimous consent. The Chair laid HB 5461 before the committee: HB 5461 (Rep. McFall) A bill to create the secure retirement savings program to provide retirement savings options for certain employees; to create the secure retirement savings board and prescribe its powers and duties; to provide for the powers and duties of certain governmental officers and entities; to require participation in the program by certain employers; to create the secure retirement savings program fund as a trust fund outside the state treasury consisting of employee retirement accounts; to establish the Michigan secure retirement administrative fund to pay program administrative expenses; to provide for civil fines; and to require the promulgation of rules.