Delaware · 153rd General Assembly (2025-2026) · Bill
SB 20: AN ACT TO AMEND TITLE 29 OF THE DELAWARE CODE RELATING TO EMPLOYER CONTRIBUTIONS TO DEFERRED COMPENSATION.
In committee Official data
- Introduced
- In committee
- Passed one chamber
- Passed both chambers
- Enacted
Last official action: ·Record last updated:
Plain-language summary
SB 20 is a bill introduced in the Delaware Senate on January 30, 2025. According to its official title, it concerns: AN ACT TO AMEND TITLE 29 OF THE DELAWARE CODE RELATING TO EMPLOYER CONTRIBUTIONS TO DEFERRED COMPENSATION. Primary sponsor: Trey Paradee (Democratic), Bill Bush (Democratic). It lists 19 additional sponsors. Most recent recorded action (March 19, 2025): Assigned to Finance Committee in Senate.
Generated automatically from the official title, sponsor list, and status record only. It does not characterize the bill’s purpose or effects. How summaries are written
Official summary
Abstract published by the legislature (via Open States). Text as published by the legislature; reproduced verbatim.
The State of Delaware previously offered an employer match for state employee contributions to the deferred compensation program. The purpose of the match was to help state employees save and build wealth for retirement and to enable state government to recruit and retain talent by offering a valuable retirement savings benefit. In July 2008, during the Great Recession, the State suspended the employer match to cut costs. Every year since fiscal year 2008, the General Assembly has written in the annual appropriations bill: “It is the intent of the General Assembly that this program be reinstated when funding becomes available.” This Act updates the laws governing the employer match in anticipation of the General Assembly restoring the match this session and increases the maximum match to $20 per pay period. This Act also eases restrictions on which participants are eligible for the match. To help employees who are unable to save for retirement because of their student loan burden, this Act enables a match for employee’s student loan payments with employer contributions to their deferred compensation account. Congress enabled employers to make this type of matching contribution with the passage of the SECURE 2.0 Act, which was included in the Federal Fiscal Year 2023 Omnibus Appropriations Bill. This Act provides the Plans Management Board with the discretion to determine which plan the matching contributions should be deposited into.
Sponsors
Sponsors by party (alphabetical): Democratic 16 · Republican 5
| Name | Role | Party | Chamber | District |
|---|---|---|---|---|
| Trey Paradee | Primary sponsor | Democratic | Senate | 17 |
| Bill Bush | Primary sponsor | Democratic | House | 29 |
| Tim Dukes | Co-sponsor | Republican | House | 40 |
| Krista Griffith | Co-sponsor | Democratic | House | 12 |
| Stephanie Hansen | Co-sponsor | Democratic | Senate | 10 |
| Kerri Harris | Co-sponsor | Democratic | House | 32 |
| Debra Heffernan | Co-sponsor | Democratic | House | 6 |
| Jeff Hilovsky | Co-sponsor | Republican | House | 4 |
| Kyra Hoffner | Co-sponsor | Democratic | Senate | 14 |
| Russ Huxtable | Co-sponsor | Democratic | Senate | 6 |
| Larry Lambert | Co-sponsor | Democratic | House | 7 |
| Dave Lawson | Co-sponsor | Republican | Senate | 15 |
| Melanie Ross Levin | Co-sponsor | Democratic | House | 10 |
| Sean Lynn | Co-sponsor | Democratic | House | 31 |
| Spiros Mantzavinos | Co-sponsor | Democratic | Senate | 7 |
| Nicole Poore | Co-sponsor | Democratic | Senate | 12 |
| Bryant Richardson | Co-sponsor | Republican | Senate | 21 |
| Dave Sokola | Co-sponsor | Democratic | Senate | 8 |
| Bryan Townsend | Co-sponsor | Democratic | Senate | 11 |
| Jack Walsh | Co-sponsor | Democratic | Senate | 9 |
| Dave Wilson | Co-sponsor | Republican | Senate | 18 |
“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.
Recent official actions
- Assigned to Finance Committee in Senate
- Reported Out of Committee (Elections & Government Affairs) in Senate with 4 On Its Merits, 1 Unfavorable
- Introduced and Assigned to Elections & Government Affairs Committee in Senate