Skip to main content

You are here

Advertisement

No Waiting: States Move on Retirement Security Without Washington

Concluding that Congress won't soon move forward on increasing retirement readiness for private-sector employees, Maryland, Connecticut and Illinois have joined the ranks of states that have either established a commission to study creation of statewide retirement programs or taken preliminary steps to create such programs. 

Among states that have moved forward, including Arizona, California, Colorado, Indiana, Minnesota, Nebraska, Ohio, Oregon and Vermont, California is furthest along in the process. Work has begun on the market analysis and feasibility study mandated by the California Secure Choice Retirement Savings Trust law, passed in September 2012, before the new savings accounts can be established.

Click here to find out more information on the latest states to go solo.

Jon Vogler is a Senior Analyst, Retirement Research, at Invesco Consulting. 

Invesco Distributors, Inc.  8/14  

Advertisement