TO CREATE THE VOLUNTARY PORTABLE BENEFIT ACCOUNT ACT.

Senate Bill 235 creates the Voluntary Portable Benefit Account Act, allowing independent contractors to open special accounts to fund benefit plans like health insurance, life insurance, or retirement. Hiring parties, who contract with independent contractors, may voluntarily contribute to these accounts. Contributions can also be made by withholding funds from an independent contractor's compensation, provided there is a clear, written, and voluntary opt-in agreement that allows the contractor to opt out at any time. A key provision ensures that these contributions cannot be used to determine a worker's employment classification as an independent contractor.