Skip to main content
Independent and nonpartisan. SaveYourState is a civic information resource. It is not a government website and is not affiliated with any government agency, party, or campaign.

Kentucky · 2026 Regular Session · Bill

HB 597: AN ACT relating to retirement income savings plans for private sector employees.

In committee Official data

  1. Introduced
  2. In committee
  3. Passed one chamber
  4. Passed both chambers
  5. Enacted

Last official action: ·Record last updated:

Plain-language summary

HB 597 is a bill introduced in the Kentucky House on February 9, 2026. According to its official title, it concerns: AN ACT relating to retirement income savings plans for private sector employees. Most recent recorded action (February 17, 2026): to Small Business & Information Technology (H).

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.

Create new sections of KRS Chapter 41 to establish the Commonwealth Retirement Savings Plan as a voluntary payroll-deduction Roth IRA savings program for employees of private employers with fewer than 50 employees; define terms; create a governing board of trustees and specify responsibilities of the board in plan design and oversight; require the board to contract with a third-party administrator for plan administration; establish that the plan shall be implemented and enrollment of employees shall begin on July 1, 2028, if adequate funds to administer the plan are available; amend KRS 154.12-330 to authorize the Kentucky Economic Development Finance Authority to lend funds to help implement the plan; require the State Treasurer, on or before July 1, 2027, to provide the Legislative Research Commission with a written update on the plan's implementation status.

Sponsors

NameRolePartyChamberDistrict
No sponsor recorded in source data.

“Support” is shown only as formal sponsorship recorded by the legislature. Roll-call votes are available on the official bill page.

Recent official actions

  1. to Small Business & Information Technology (H)
  2. to Committee on Committees (H)
  3. introduced in House

Sources

  1. Open States / Plural (data from the official legislature website)
  2. Official legislature source