Governor Signs Retirement Savings Legislation

Posted on 06/21/23 by Erin Neff

AARP Nevada successfully advocated for the Nevada Employee Savings Trust (NEST) bill, winning bipartisan support and passage from both houses of the Legislature this session. Senate Bill 305, which creates a public-private retirement savings plan, was signed by Gov. Joe Lombardo after the session.

NEST will impact 300,000 Nevadans and has the following key components:

Employees will be automatically enrolled with an opt-out provision
All businesses with more than 5 employees will offer the plan
The state will study the feasibility of adding independent contractors (gig workers)

“This legislation is a huge victory for a large and underserved population which current lacks access to retirement plans at work,” said AARP State Director Maria Moore. “This bipartisan bill will also help the state save millions in future public assistance costs.”

AARP Nevada mobilized hundreds of volunteers to send emails to the state Treasurer and legislative committees amid opposition from some business lobbyists.

This story is provided by AARP Nevada. Visit the AARP Nevada page for more news, events, and programs affecting retirement, health care, and more.

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			<header><h1 class="article-headline">Governor Signs Retirement Savings Legislation</h1></header>	
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				Posted on 06/21/23 
				by <b>Erin Neff</b>			</div>
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        <div class="RichTextArticleBody-body"><p>AARP Nevada successfully advocated for the Nevada Employee Savings Trust (NEST) bill, winning bipartisan support and passage from both houses of the Legislature this session. Senate Bill 305, which creates a public-private retirement savings plan, was signed by Gov. Joe Lombardo after the session.<br><br>NEST will impact 300,000 Nevadans and has the following key components:<br><br></p><ul><li>Employees will be automatically enrolled with an opt-out provision</li><li>All businesses with more than 5 employees will offer the plan</li><li>The state will study the feasibility of adding independent contractors (gig workers)</li></ul><p>“This legislation is a huge victory for a large and underserved population which current lacks access to retirement plans at work,” said AARP State Director Maria Moore. “This bipartisan bill will also help the state save millions in future public assistance costs.”<br><br>AARP Nevada mobilized hundreds of volunteers to send emails to the state Treasurer and legislative committees  amid opposition from some business lobbyists.</p><div class="Enhancement" >
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		<p><i>This story is provided by AARP Nevada. Visit the <a href="https://states.aarp.org/region/nevada/" target="_blank">AARP Nevada</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p>
	
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			<header><h1 class="article-headline">Governor Signs Retirement Savings Legislation</h1></header>	
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				Posted on 06/21/23 
				by <b>Erin Neff</b>			</div>
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        <div class="RichTextArticleBody-body"><p>AARP Nevada successfully advocated for the Nevada Employee Savings Trust (NEST) bill, winning bipartisan support and passage from both houses of the Legislature this session. Senate Bill 305, which creates a public-private retirement savings plan, was signed by Gov. Joe Lombardo after the session.<br><br>NEST will impact 300,000 Nevadans and has the following key components:<br><br></p><ul><li>Employees will be automatically enrolled with an opt-out provision</li><li>All businesses with more than 5 employees will offer the plan</li><li>The state will study the feasibility of adding independent contractors (gig workers)</li></ul><p>“This legislation is a huge victory for a large and underserved population which current lacks access to retirement plans at work,” said AARP State Director Maria Moore. “This bipartisan bill will also help the state save millions in future public assistance costs.”<br><br>AARP Nevada mobilized hundreds of volunteers to send emails to the state Treasurer and legislative committees  amid opposition from some business lobbyists.</p><div class="Enhancement" >
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		<p><i>This story is provided by AARP Nevada. Visit the <a href="https://states.aarp.org/region/nevada/" target="_blank">AARP Nevada</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p>
	
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			<header><h1 class="article-headline">Governor Signs Retirement Savings Legislation</h1></header>	
						<div class="posted-on">
				Posted on 06/21/23 
				by <b>Erin Neff</b>			</div>
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        <div class="RichTextArticleBody-body"><p>AARP Nevada successfully advocated for the Nevada Employee Savings Trust (NEST) bill, winning bipartisan support and passage from both houses of the Legislature this session. Senate Bill 305, which creates a public-private retirement savings plan, was signed by Gov. Joe Lombardo after the session.<br><br>NEST will impact 300,000 Nevadans and has the following key components:<br><br></p><ul><li>Employees will be automatically enrolled with an opt-out provision</li><li>All businesses with more than 5 employees will offer the plan</li><li>The state will study the feasibility of adding independent contractors (gig workers)</li></ul><p>“This legislation is a huge victory for a large and underserved population which current lacks access to retirement plans at work,” said AARP State Director Maria Moore. “This bipartisan bill will also help the state save millions in future public assistance costs.”<br><br>AARP Nevada mobilized hundreds of volunteers to send emails to the state Treasurer and legislative committees  amid opposition from some business lobbyists.</p><div class="Enhancement" >
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		<p><i>This story is provided by AARP Nevada. Visit the <a href="https://states.aarp.org/region/nevada/" target="_blank">AARP Nevada</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p>
	
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			<header><h1 class="article-headline">Governor Signs Retirement Savings Legislation</h1></header>	
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				Posted on 06/21/23 
				by <b>Erin Neff</b>			</div>
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        <div class="RichTextArticleBody-body"><p>AARP Nevada successfully advocated for the Nevada Employee Savings Trust (NEST) bill, winning bipartisan support and passage from both houses of the Legislature this session. Senate Bill 305, which creates a public-private retirement savings plan, was signed by Gov. Joe Lombardo after the session.<br><br>NEST will impact 300,000 Nevadans and has the following key components:<br><br></p><ul><li>Employees will be automatically enrolled with an opt-out provision</li><li>All businesses with more than 5 employees will offer the plan</li><li>The state will study the feasibility of adding independent contractors (gig workers)</li></ul><p>“This legislation is a huge victory for a large and underserved population which current lacks access to retirement plans at work,” said AARP State Director Maria Moore. “This bipartisan bill will also help the state save millions in future public assistance costs.”<br><br>AARP Nevada mobilized hundreds of volunteers to send emails to the state Treasurer and legislative committees  amid opposition from some business lobbyists.</p><div class="Enhancement" >
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		<p><i>This story is provided by AARP Nevada. Visit the <a href="https://states.aarp.org/region/nevada/" target="_blank">AARP Nevada</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p>
	
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			<header><h1 class="article-headline">Governor Signs Retirement Savings Legislation</h1></header>	
						<div class="posted-on">
				Posted on 06/21/23 
				by <b>Erin Neff</b>			</div>
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        <div class="RichTextArticleBody-body"><p>AARP Nevada successfully advocated for the Nevada Employee Savings Trust (NEST) bill, winning bipartisan support and passage from both houses of the Legislature this session. Senate Bill 305, which creates a public-private retirement savings plan, was signed by Gov. Joe Lombardo after the session.<br><br>NEST will impact 300,000 Nevadans and has the following key components:<br><br></p><ul><li>Employees will be automatically enrolled with an opt-out provision</li><li>All businesses with more than 5 employees will offer the plan</li><li>The state will study the feasibility of adding independent contractors (gig workers)</li></ul><p>“This legislation is a huge victory for a large and underserved population which current lacks access to retirement plans at work,” said AARP State Director Maria Moore. “This bipartisan bill will also help the state save millions in future public assistance costs.”<br><br>AARP Nevada mobilized hundreds of volunteers to send emails to the state Treasurer and legislative committees  amid opposition from some business lobbyists.</p><div class="Enhancement" >
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		<p><i>This story is provided by AARP Nevada. Visit the <a href="https://states.aarp.org/region/nevada/" target="_blank">AARP Nevada</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p>
	
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			<header><h1 class="article-headline">Governor Signs Retirement Savings Legislation</h1></header>	
						<div class="posted-on">
				Posted on 06/21/23 
				by <b>Erin Neff</b>			</div>
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        <div class="RichTextArticleBody-body"><p>AARP Nevada successfully advocated for the Nevada Employee Savings Trust (NEST) bill, winning bipartisan support and passage from both houses of the Legislature this session. Senate Bill 305, which creates a public-private retirement savings plan, was signed by Gov. Joe Lombardo after the session.<br><br>NEST will impact 300,000 Nevadans and has the following key components:<br><br></p><ul><li>Employees will be automatically enrolled with an opt-out provision</li><li>All businesses with more than 5 employees will offer the plan</li><li>The state will study the feasibility of adding independent contractors (gig workers)</li></ul><p>“This legislation is a huge victory for a large and underserved population which current lacks access to retirement plans at work,” said AARP State Director Maria Moore. “This bipartisan bill will also help the state save millions in future public assistance costs.”<br><br>AARP Nevada mobilized hundreds of volunteers to send emails to the state Treasurer and legislative committees  amid opposition from some business lobbyists.</p><div class="Enhancement" >
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		<p><i>This story is provided by AARP Nevada. Visit the <a href="https://states.aarp.org/region/nevada/" target="_blank">AARP Nevada</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p>
	
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			<header><h1 class="article-headline">Governor Signs Retirement Savings Legislation</h1></header>	
						<div class="posted-on">
				Posted on 06/21/23 
				by <b>Erin Neff</b>			</div>
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        <div class="RichTextArticleBody-body"><p>AARP Nevada successfully advocated for the Nevada Employee Savings Trust (NEST) bill, winning bipartisan support and passage from both houses of the Legislature this session. Senate Bill 305, which creates a public-private retirement savings plan, was signed by Gov. Joe Lombardo after the session.<br><br>NEST will impact 300,000 Nevadans and has the following key components:<br><br></p><ul><li>Employees will be automatically enrolled with an opt-out provision</li><li>All businesses with more than 5 employees will offer the plan</li><li>The state will study the feasibility of adding independent contractors (gig workers)</li></ul><p>“This legislation is a huge victory for a large and underserved population which current lacks access to retirement plans at work,” said AARP State Director Maria Moore. “This bipartisan bill will also help the state save millions in future public assistance costs.”<br><br>AARP Nevada mobilized hundreds of volunteers to send emails to the state Treasurer and legislative committees  amid opposition from some business lobbyists.</p><div class="Enhancement" >
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		<p><i>This story is provided by AARP Nevada. Visit the <a href="https://states.aarp.org/region/nevada/" target="_blank">AARP Nevada</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p>
	
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			<header><h1 class="article-headline">Governor Signs Retirement Savings Legislation</h1></header>	
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				Posted on 06/21/23 
				by <b>Erin Neff</b>			</div>
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        <div class="RichTextArticleBody-body"><p>AARP Nevada successfully advocated for the Nevada Employee Savings Trust (NEST) bill, winning bipartisan support and passage from both houses of the Legislature this session. Senate Bill 305, which creates a public-private retirement savings plan, was signed by Gov. Joe Lombardo after the session.<br><br>NEST will impact 300,000 Nevadans and has the following key components:<br><br></p><ul><li>Employees will be automatically enrolled with an opt-out provision</li><li>All businesses with more than 5 employees will offer the plan</li><li>The state will study the feasibility of adding independent contractors (gig workers)</li></ul><p>“This legislation is a huge victory for a large and underserved population which current lacks access to retirement plans at work,” said AARP State Director Maria Moore. “This bipartisan bill will also help the state save millions in future public assistance costs.”<br><br>AARP Nevada mobilized hundreds of volunteers to send emails to the state Treasurer and legislative committees  amid opposition from some business lobbyists.</p><div class="Enhancement" >
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		<p><i>This story is provided by AARP Nevada. Visit the <a href="https://states.aarp.org/region/nevada/" target="_blank">AARP Nevada</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p>
	
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			<header><h1 class="article-headline">Governor Signs Retirement Savings Legislation</h1></header>	
						<div class="posted-on">
				Posted on 06/21/23 
				by <b>Erin Neff</b>			</div>
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        <div class="RichTextArticleBody-body"><p>AARP Nevada successfully advocated for the Nevada Employee Savings Trust (NEST) bill, winning bipartisan support and passage from both houses of the Legislature this session. Senate Bill 305, which creates a public-private retirement savings plan, was signed by Gov. Joe Lombardo after the session.<br><br>NEST will impact 300,000 Nevadans and has the following key components:<br><br></p><ul><li>Employees will be automatically enrolled with an opt-out provision</li><li>All businesses with more than 5 employees will offer the plan</li><li>The state will study the feasibility of adding independent contractors (gig workers)</li></ul><p>“This legislation is a huge victory for a large and underserved population which current lacks access to retirement plans at work,” said AARP State Director Maria Moore. “This bipartisan bill will also help the state save millions in future public assistance costs.”<br><br>AARP Nevada mobilized hundreds of volunteers to send emails to the state Treasurer and legislative committees  amid opposition from some business lobbyists.</p><div class="Enhancement" >
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		<p><i>This story is provided by AARP Nevada. Visit the <a href="https://states.aarp.org/region/nevada/" target="_blank">AARP Nevada</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p>
	
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			<header><h1 class="article-headline">Governor Signs Retirement Savings Legislation</h1></header>	
						<div class="posted-on">
				Posted on 06/21/23 
				by <b>Erin Neff</b>			</div>
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        <div class="RichTextArticleBody-body"><p>AARP Nevada successfully advocated for the Nevada Employee Savings Trust (NEST) bill, winning bipartisan support and passage from both houses of the Legislature this session. Senate Bill 305, which creates a public-private retirement savings plan, was signed by Gov. Joe Lombardo after the session.<br><br>NEST will impact 300,000 Nevadans and has the following key components:<br><br></p><ul><li>Employees will be automatically enrolled with an opt-out provision</li><li>All businesses with more than 5 employees will offer the plan</li><li>The state will study the feasibility of adding independent contractors (gig workers)</li></ul><p>“This legislation is a huge victory for a large and underserved population which current lacks access to retirement plans at work,” said AARP State Director Maria Moore. “This bipartisan bill will also help the state save millions in future public assistance costs.”<br><br>AARP Nevada mobilized hundreds of volunteers to send emails to the state Treasurer and legislative committees  amid opposition from some business lobbyists.</p><div class="Enhancement" >
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		<p><i>This story is provided by AARP Nevada. Visit the <a href="https://states.aarp.org/region/nevada/" target="_blank">AARP Nevada</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p>
	
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			<header><h1 class="article-headline">Governor Signs Retirement Savings Legislation</h1></header>	
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				Posted on 06/21/23 
				by <b>Erin Neff</b>			</div>
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        <div class="RichTextArticleBody-body"><p>AARP Nevada successfully advocated for the Nevada Employee Savings Trust (NEST) bill, winning bipartisan support and passage from both houses of the Legislature this session. Senate Bill 305, which creates a public-private retirement savings plan, was signed by Gov. Joe Lombardo after the session.<br><br>NEST will impact 300,000 Nevadans and has the following key components:<br><br></p><ul><li>Employees will be automatically enrolled with an opt-out provision</li><li>All businesses with more than 5 employees will offer the plan</li><li>The state will study the feasibility of adding independent contractors (gig workers)</li></ul><p>“This legislation is a huge victory for a large and underserved population which current lacks access to retirement plans at work,” said AARP State Director Maria Moore. “This bipartisan bill will also help the state save millions in future public assistance costs.”<br><br>AARP Nevada mobilized hundreds of volunteers to send emails to the state Treasurer and legislative committees  amid opposition from some business lobbyists.</p><div class="Enhancement" >
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		<p><i>This story is provided by AARP Nevada. Visit the <a href="https://states.aarp.org/region/nevada/" target="_blank">AARP Nevada</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p>
	
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			<header><h1 class="article-headline">Governor Signs Retirement Savings Legislation</h1></header>	
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				Posted on 06/21/23 
				by <b>Erin Neff</b>			</div>
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        <div class="RichTextArticleBody-body"><p>AARP Nevada successfully advocated for the Nevada Employee Savings Trust (NEST) bill, winning bipartisan support and passage from both houses of the Legislature this session. Senate Bill 305, which creates a public-private retirement savings plan, was signed by Gov. Joe Lombardo after the session.<br><br>NEST will impact 300,000 Nevadans and has the following key components:<br><br></p><ul><li>Employees will be automatically enrolled with an opt-out provision</li><li>All businesses with more than 5 employees will offer the plan</li><li>The state will study the feasibility of adding independent contractors (gig workers)</li></ul><p>“This legislation is a huge victory for a large and underserved population which current lacks access to retirement plans at work,” said AARP State Director Maria Moore. “This bipartisan bill will also help the state save millions in future public assistance costs.”<br><br>AARP Nevada mobilized hundreds of volunteers to send emails to the state Treasurer and legislative committees  amid opposition from some business lobbyists.</p><div class="Enhancement" >
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		<p><i>This story is provided by AARP Nevada. Visit the <a href="https://states.aarp.org/region/nevada/" target="_blank">AARP Nevada</a> page for more news, events, and programs affecting retirement, health care, and more.</i></p>
	
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					<p class="loc">Reno, NV</p>
					
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			<p><a class="link-red" href="/carson-city-nv/aarp-events/" data-formelementid="LOCAL-BTN-CLK-SEEALL-EVENTS">View All AARP Events<i class="ml-1 fas fa-chevron-right"></i></a></p>
	
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		<li>Discounts on travel and everyday savings</li>
		<li>Subscription to AARP The Magazine</li>
		<li>FREE second membership</li>
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		<a class="btn" href="https://appsec.aarp.org/mem/join?campaignid=UAJFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-CARSONCITY-NV">Join AARP</a>
		<div class="body">Already a member? <a href="https://appsec.aarp.org/mem/renew?campaignid= UARFT3&intcmp=LNK-CSN-AARPLOCAL-JRTOUT-RR-A-CARSONCITY-NV">Renew</a> or 
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<h2>Contact AARP<br />Nevada</h2>
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<li><i class="list-icon fa fa-envelope" alt="Email icon" title="Email icon" aria-hidden="true"></i><a href="mailto:NVAARP@aarp.org " target="_blank" rel="noopener">NVAARP@aarp.org </a></li>
<li><i class="list-icon fa fa-globe" alt="Globe icon" title="Globe icon" aria-hidden="true"></i><a href="https://states.aarp.org/region/nevada/" target="_blank" rel="noopener">AARP Nevada</a></li>
<li><i class="list-icon fa fa-map-marker" alt="Map Marker icon" title="Map Marker icon" aria-hidden="true"></i><a href="https://states.aarp.org/contact-aarp-nevada/?intcmp=SNG-LNK-AARPLOCAL-CONTACT-20140101-CARSONCITY-NV" target="_blank" rel="noopener">Contact Us</a></li>


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<a href="https://www.facebook.com/AARPNV" target="_blank" rel="noopener" aria-label="Open Facebook"><img alt="Facebook icon" title="Facebook icon" src="https://cdn-aarp.americantowns.com/img/responsive/icons/48/facebook-dreamstale25.png"></a>&nbsp;&nbsp;
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