RI S3086

Creates new "optional employee" category allowing individuals age 18+ not employed by eligible employers to voluntarily enroll in the RISavers retirement savings program

Expands employer exemption from RISavers requirements to include any employer offering a payroll deduction IRA, not just automatic enrollment IRAs

Changes state investment commission's role from "approving" to "considering" investment offerings, with review required at least once every three years

Clarifies that optional employees (rather than optional employers) may enroll during annual open enrollment periods and withdraw from the program with 30 days' notice to their employer and the general treasurer

Adds severability clause providing that if any provision is held unconstitutional or preempted by federal law, remaining provisions remain in effect