Retirement: other; retirement program for certain nonpublic employees to participate in a benefit plan; create, and provide oversight. Creates new act. TIE BAR WITH: SB 0808’26
Key claim: Michigan SB0807 would create a new retirement program allowing certain nonpublic employees to participate in a benefit plan, with associated oversight provisions.
Abstract
(SB0807 · 103rd Legislature) Retirement: other; retirement program for certain nonpublic employees to participate in a benefit plan; create, and provide oversight. Creates new act. TIE BAR WITH: SB 0808’26 Latest action (2026-06-17): Referred To Committee On Economic Competitiveness
Why this matters
Michigan currently oversees retirement systems primarily for public employees; SB0807 would extend a state-facilitated retirement benefit option to certain private-sector workers whose employers do not offer plans. If enacted, it would meaningfully change the benefits landscape for private employers and workers, and add a new oversight role for the state alongside its existing public-pension responsibilities.