Relating to: creating WisEARNS, granting rule-making authority, and making an appropriation. (FE)

This bill creates the WisEARNS program, a state-administered retirement savings plan designed for employees who do not have access to an employer-sponsored retirement plan. It establishes a new WisEARNS board attached to the state treasurer, composed of representatives from various sectors including investments, small business, employees, and employers, with specific requirements to ensure diverse expertise and independence from securities dealers. The board will oversee the selection of a vendor to manage the program, which will automatically enroll eligible employees and allow them to make contributions to retirement savings accounts. The legislation also grants the board rule-making authority and includes an appropriation to fund the program's initial implementation.