State Auto-IRA Plans
Welcome to our resource center for state-run auto-IRA plans for private-sector employees! Here you’ll find links to our archive of news and commentary on state-run plans, as well as links to state laws that have been enacted, regulations and guidance on state-run plans from the U.S. Department of Labor, and some of our favorite resources on state-run plans.
What did we miss? If you have a favorite resource that we overlooked, let us know by emailing Managing Editor John Ortman.
Browse our archive of news posts and commentary on state-run plans.
State Auto-IRAs: The Wrong Answer
(18 pages, Winter 2017)
This report from the U.S. Chamber of Commerce identifies faults in the state-run auto-IRA model and suggests alternative solutions to the coverage problem.
Comparisons of Plan Design Features
Two reports published by Georgetown University’s Center for Retirement Initiatives June 15, 2016 compare the plan features of the programs in California, Illinois, Oregon, Maryland, Connecticut, Massachusetts, Washington and New Jersey.
Interactive State Map
An interactive U.S. map created and kept up to date by Georgetown University’s Center for Retirement Initiatives.
Status of State Efforts
A comprehensive collection of summaries of state plans that have either passed or are being considered, by the Pension Rights Center.
AARP’s State Policy Research List
An extensive list of studies and research on state-run plans. Most listings align with AARP’s policy position supporting state-run plans.
American Retirement Association Comment Letter on State IRA Programs (Jan. 15, 2016)
California Secure Choice Retirement Savings and Trust Act (S.B. 1234)
The State Treasurer’s website on the program is here.
Connecticut Retirement Security Program (Pub. Act 16-29)
The Connecticut Retirement Security Board’s website is here.
Illinois Secure Choice Savings Program Act (Pub. Act 98-1150)
The State Treasurer’s website (listing Secure Choice Board members and minutes of Board meetings) is here.
Maryland Small Business Retirement Savings Program and Trust (HB 1378)
The website of Maryland’s Commission on Maryland Retirement Security & Savings is here.
New Jersey Secure Choice Savings Program Act (A 4275)
Retirement Savings Plan (HB 2960)
The State Treasurer’s website on the Oregon Retirement Savings Board is here. The Board’s proposed rule (Jan. 12, 2017) is here.
Creating the Washington small business retirement marketplace (SB 5826)
The Washington Department of Commerce’s website on the Washington Small Business Marketplace is here.
Federal Regulations and Guidance
DOL Regulatory Safe Harbor: “Savings Arrangements Established by Qualified State Political Subdivisions for Non-Governmental Employees”
The DOL issued this ERISA safe-harbor rule for auto-IRA plans maintained by large cities or counties on Dec. 20, 2016.
DOL Final Rule: “Savings Arrangements Established by States for Non-Governmental Employees”
The DOL issued this final safe-harbor rule on state auto-IRA plans Aug. 25, 2016.
DOL Proposed Rule: “Savings Arrangements Established by State Political Subdivisions for Non-Governmental Employees”
This proposed rule was issued Aug. 25, 2016, in conjunction with the release of the DOL’s final rule on state-run IRA programs (see item above).
DOL Safe-Harbor Proposed Rule
In November 2015 the DOL issued a proposed rule creating a safe harbor for state laws that require employers to facilitate enrollment in state auto-IRA plans. Public comments on the rule can be viewed here. The rule was finalized Aug. 25, 2016 (see item above).
DOL Interpretive Bulletin 2015-02
Issued in November 2015 in tandem with the DOL’s safe-harbor proposed rule, this guidance explains the Department’s position on state-run plans.
DOL Advisory Opinion 2012-01A
In an April 2012 Advisory Opinion issued in response to the governor of Connecticut, the DOL indicated that a state-run retirement plan for private-sector workers would be subject to ERISA.
H.J. Res. 66: Disapproving the rule submitted by the Department of Labor relating to savings arrangements established by States for non-governmental employees
(1 page, Feb. 7, 2017)
This resolution would use the Congressional Review Act to nullify the Obama administration’s final safe harbor rule favoring state-run IRA programs.
ARA Comment Letter
Re: Savings Arrangements Established by States for Non-Governmental Employees
The American Retirement Association submitted this comment letter to the DOL on Sept. 27, 2016.