A soon to be legislation that would require reduction of the standard workweek for businesses with more than 500 employees from 40 hours per week to 32 hours per week without a reduction in pay for workers. This legislation would exclude local and mid-size businesses from the requirement allowing those companies to continue to work a 40-hour workweek.
Stop this now. Government overreach again. Could increase cost to the employer of up to 20%. Creates a mass exodus from small business to big business. Today it will be businesses over 500 but later it will turn into all businesses.
“Keystone Saves” is a proposed state-backed program that would mandate employers to enroll their employees into an IRA (Individual Retirement Account) with the hope that employees would contribute to the account and rely on it for retirement.
Go Big Small Biz Opposes this legislation as an impractical solution to address the lack of retirement savings in the workforce and will unfairly burden small business owners who are more likely to not have a company sponsored retirement plan.