Keystone Saves
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.
A voluntary employee retirement savings program but opt out only for employers that would expand access to private sector individual retirement accounts (IRA) to the over two million Pennsylvania workers who currently have no opportunity to save for retire
This is a half-baked 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. Your time and resources are precious, tell the Government to stay out of your operations. In other states that have implemented this, the employer paperwork is immense.
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Other legislation that could impact your business
Several bills are in the House or Senate proposing Pennsylvania raise the mandatory minimum wage anywhere from $15–$21 an hour.
Go Big Small Biz Network opposes this legislation as it will drive up the already untenable costs facing small business employers and ultimately, put those who need low-skill jobs out of work.
A mandated payroll deduction directly from employee wages, equivalent to the cost of an almost 20% increase in the state personal income tax and requires that employers offer up to 20 weeks of leave.
Go Big Small Biz Network Opposes this legislation as employers should be free to set leave policies that balance the interest of employees and the sustainability of the business as a whole.
Proposed legislation that would require a 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.
Go Big Small Biz Network opposes this action as government overreach as it could increase employer costs by up to 20% and create an employee shift from small business to big business.
This Bill requires certain new and existing small corporations and limited liability companies to disclose information about their beneficial owners (BOI).
Go Big Small Biz Network opposes this government overreach into our small business community.
This Bill could prohibit employers from classifying works as independent contractors.
Go Big Small Biz Network opposes this government overreach into our small business community.
This is an attempt to bring taxation equity to PA while penalizing small businesses. There are 3 options to this bill. One of the options will be chosen to move forward.
Go Big Small Biz Network opposes this government overreach into our small business community.