OLYMPIA — A state retirement plan would be available for small-business owners and their employees under a measure passed Friday by the House.
House Bill 2474 passed 54-43. It would create a voluntary retirement savings program called Save Towards a Retirement Today. Money put into those accounts would be invested by the Washington State Investment Board, and employers would not be required to contribute. Employees would have no minimum contribution, and their account would stay active as they change jobs.
The bill now heads to the Senate.
