HB 2062

HB 2062 removes longstanding legal protections that shielded workers' 401(k)s, IRAs, and other retirement accounts from being seized to pay child support arrearages. The bill allows courts to order the total liquidation of a worker's retirement savings — with the worker absorbing early withdrawal penalties and taxes — when a judge determines the worker is "voluntarily underemployed," a term the bill never defines. That vague trigger could potentially reach workers who go on strike, take FMLA leave, or accept a union-negotiated buyout, putting hard-won retirement security at risk.