Mississippi Work and Save Program Takes Effect July 1

(Jackson, Miss.) — A major step forward in strengthening financial security for Mississippi workers will take effect July 1, as the Mississippi Work and Save Program officially launches statewide. Established through House Bill 4073 during the 2026 Regular Session, the program creates a state-facilitated retirement savings option for private-sector employees whose employers do not offer a retirement plan.

“The launch of the Mississippi Work and Save Program marks a turning point in expanding access to retirement savings for workers across our state,” said AARP Mississippi State Director Kimberly L. Campbell, Esq. “Thanks to strong legislative leadership and sustained advocacy, more Mississippians will now have a simple, convenient way to save for their future.”

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Signed into law by Governor Tate Reeves, HB 4073 establishes a permanent, statewide program designed to close the retirement savings gap. The program will enable workers—particularly those employed by small businesses, working part-time, or in second-career roles—to save for retirement through payroll deduction Individual Retirement Accounts (IRAs), even if their employer does not sponsor a plan.

“AARP Mississippi worked diligently at every stage of the process to ensure this legislation crossed the finish line,” Campbell said. “This program is proof that when we combine sound policy, strong partnerships, and the voices of our members, real change is possible.”

The goal of the Mississippi Work and Save Program is to expand access to retirement savings opportunities, particularly for moderate- and lower-income workers who are less likely to have employer-sponsored retirement plans. By making saving automatic and portable, the program empowers workers to build long-term financial security.

Key benefits include:

• Expanded access to workplace retirement savings.
• Improved retirement security and financial independence.
• Portable savings accounts that follow workers from job to job.
• Reduced long-term pressure on state safety-net programs.

AARP Mississippi, which made passage of Work and Save a top legislative priority, hailed the program as a meaningful and lasting win for workers—especially those age 50 and older.