In recent developments, the National Federation of Independent Business (NFIB) has successfully influenced a significant decision regarding the Secure Choice Savings Program in Massachusetts. This program, which required businesses with more than 25 employees to remit part of their workers’ pay into a state-run retirement plan, faced criticism from NFIB due to its potential compliance costs and penalties for non-compliance.
The issue began when NFIB raised concerns about the inclusion of this program in a consolidated budget amendment by the state House. The organization argued that lawmakers had previously stated they would not include major policy initiatives in the budget. Despite these assurances, the Secure Choice Savings Program was included without public hearings or input.
NFIB actively communicated their concerns through press releases and advocated against the mandate’s inclusion in the Senate’s budget. However, it was eventually included in the final budget by a conference committee between both legislative branches.
In response, NFIB reached out to Governor Healey, urging her to veto this section of the budget. They highlighted that this program imposed new compliance expenses on businesses and carried risks of penalties and civil suits. Governor Healey agreed with NFIB’s assessment and returned that section of the budget with an amendment calling for further study on its impact.
NFIB continues to encourage legislators not to reinstate this mandate if any veto overrides occur later in the year.
