WeVote
Log In

Bill

Bill

HB 915

Mississippi Work and Save Program; create.

2025 Regular Session Introduced by Jody Steverson

HB 915 creates Mississippi Work and Save Program enabling workers to build emergency savings through portable state-facilitated accounts, but died in committee February 2025.

Died In Committee
#appropriationsa #stateaffairs
0
WeVote Research Nonpartisan
Bill Summary · HB 915

Legislative bill overview

HB 915 would establish the Mississippi Work and Save Program, a state-facilitated savings initiative designed to help workers build emergency savings and financial security. The bill creates a framework allowing employers and employees to participate in a portable savings account system administered by the state.

Why is this important

Many working Mississippians lack adequate emergency savings, which forces them into debt when unexpected expenses arise. A state-facilitated savings program could provide accessible, affordable savings vehicles while potentially reducing reliance on payday loans and other predatory financial products. For employers, participation may help with employee retention and financial wellness.

Potential points of contention

  • Program costs and funding: Questions about how the program would be funded, administered, and whether state resources are sufficient or if it creates new budget obligations
  • Employer participation incentives: Debate over whether employers have sufficient motivation to implement the program and what mandates or incentives might be necessary
  • Portability and account ownership: Concerns about account accessibility, who maintains control of funds, and whether accounts remain available if workers change jobs or employers exit the program

Compiled from official sources — confirm details with the bill’s official record.

Sign in to ask a question.