Amends and adds to existing law to revise provisions regarding duties of the treasurer and to provide that the investment board shall review certain investment vehicles.

ThisbillallowstheStateTreasurertoprovidefinancialeducationforthepurposeofincreasingfinancialliteracy and preparedness for retirement. It provides for a review of retirement savings vehicles and a portal to highlight options for individual retirement accounts for private sector employer informative purposes. In 2020 the Legislative Office of Performance Evaluation (OPE) published the report, “Preparedness of Idahoans to Retire: Deciding the State’s Role”. The report highlighted that there is a negative fiscal impact for the State of Idaho due to the lack of retirement preparedness. The report also emphasized that the majority of Idahoans are vastly unprepared financially for retirement and that most private-sector employees in Idaho do not offer a retirement plan at work.