On Wed. March 12, 2025, NAIFA-NC provided testimony to the NC House Insurance Committee regarding House Bill 79, North Carolina Work and Save (a state-run retirement plan).

In attendance for NAIFA-NC were:

• Paul Johnson - Vice Chair – NAIFA-NC Gov. Relations Committee
• Fred Joyner -  Chair – NAIFA-NC Gov. Relations Committee
• David Ferrell – Lobbyist
• Chase Horton - Lobbyist

Short Summary of House Insurance Committee Meeting:

House Bill 79, North Carolina Work and Save, was heard for discussion only with no vote in the House Insurance Committee. Paul Johnson of NAIFA-NC spoke to the committee on NAIFA-NC’s behalf to let the committee know that a state-run retirement program that competes with the products already available in the private market is not the best approach and not a good use of scarce state resources. NAIFA offered, if the committee is interested, to work with the bill sponsor, AARP, and other interested parties to design a program to promote the existing options in the private market to employers and employees in North Carolina.

Paul Johnson prepares for his testimony before the House Insurance Committee.