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Nevada State-Run Retirement Savings Program on Governor’s Desk


Nevada is poised to become another state with a state-run retirement savings program for private-sector employees. 

The Nevada Assembly passed the bill, SB305, on June 4 by a vote of 35-7. Senate Chief Majority Whip Dallas Harris (D-Las Vegas) introduced the bill on March 16; it was referred to the Committee on Government Affairs, which amended it and passed it on April 19; the Committee on Finance then did the same on May 26. On that day, the Senate voted in favor of the bill in a 15-5 vote. 

The measure would establish the Nevada Employee Savings Trust. It now awaits Gov. Joe Lombardo’s (R) signature.