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HB 5336

Retirement: other; retirement program for certain nonpublic employees to participate in a benefit plan; create, and provide oversight. TIE BAR WITH: HB 5335'25

2025-2026 Regular Session Introduced by Mike McFall and 1 co-sponsor

Michigan creates new retirement benefit plan for private-sector employees with regulatory oversight; effectiveness depends on companion bill HB 5335.

bill electronically reproduced 12/02/2025
#retirement:other #retirement:pensionoversight
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WeVote Research Nonpartisan
Bill Summary · HB 5336

Legislative bill overview

HB 5336 creates a new retirement benefit plan for certain nonpublic (private sector) employees in Michigan and establishes oversight mechanisms for the program's administration. The bill is tied to HB 5335, meaning both must pass together to take effect.

Why is this important

Currently, many nonpublic employees lack access to employer-sponsored retirement plans, creating financial security gaps for workers outside the public sector. This legislation could expand retirement savings options and provide regulatory structure, potentially affecting thousands of private workers and their employers' benefit obligations.

Potential points of contention

  • Mandatory participation vs. voluntary: Unclear whether employers and employees must participate or if enrollment is optional, which affects business flexibility and worker choice
  • Funding mechanism: No details provided on how the plan is funded (employer contributions, employee deductions, state subsidies), which determines actual cost impact
  • Regulatory burden: The oversight structure's requirements and costs for participating employers remain unspecified, potentially creating compliance challenges for small businesses
  • Relationship to HB 5335: The tie-bar provision means benefits depend entirely on the companion bill's provisions, creating uncertainty without seeing both bills simultaneously

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

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