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State Auto-IRA Plans

BY John Iekel | 7/2/2019
The Oregon Retirement Savings Board (ORSB) now may partner with other states in providing services similar to those offered by OregonSaves, the Beaver State’s state-run auto-IRA program for... Read More
BY John Iekel | 6/24/2019
July 1 is the registration deadline for the next wave of employers for the Illinois Secure Choice Savings Program, a retirement savings vehicle for private sector employees in Illinois who do not... Read More
BY John Iekel | 6/7/2019
Oregon employers that do not comply with the rules of OregonSaves– the Beaver State’s state-sponsored retirement program – will face penalties starting next year.  Gov. Kate Brown (D) has... Read More
BY Ted Godbout | 4/4/2019
A bipartisan task force in Pennsylvania is recommending the establishment of a state-run auto-IRA program to help workers who don’t have access to a private-sector retirement plan.  The task... Read More
BY NAPA Net Staff | 4/2/2019
New Jersey Gov. Phil Murphy (D) has signed legislation establishing a state-run retirement savings plan for private-sector employees whose employers do not offer a retirement plan. Murphy signed... Read More
BY John Iekel | 3/25/2019
The Pacific Rim, a place where it’s a bit less unusual than others for new land to explode into existence, is adding to the state-sponsored retirement plans earthquake. Add Hawaii and Washington to... Read More
BY John Iekel | 2/26/2019
All that stands between a bill establishing the New Jersey Secure Choice Savings Program and its becoming law is the signature of New Jersey Gov. Phil Murphy (D).  The state... Read More
BY John Iekel | 2/20/2019
The Oregon Treasury on Feb. 16 filed a notice of proposed rulemaking, including a statement of need and fiscal impact, for a rule that would amend OregonSaves to allow a presumption of employer... Read More
BY John Iekel | 2/11/2019
Bills before the Oregon Senate would create a statutory responsibility for employers to indicate that they are exempt from participating in OregonSaves, and a penalty for not participating if they... Read More
BY Nevin E. Adams, JD | 1/23/2019
Legislation has been introduced in the Bay State that would expand the Commonwealth’s auto-IRA program for private sector workers and establish a 401(k) parallel, with an employer mandate. The... Read More
BY NAPA Net Staff | 1/14/2019
As part of a program to make the Big Apple the “Fairest Big City in America,” New York City Mayor Bill de Blasio has a plan for retirement savings.Specifically, noting that fewer than half of all... Read More
BY John Iekel | 1/14/2019
Legislation is before the Virginia House of Delegates that would establish the "My Virginia Plan" program, a state-based retirement plan. The bills were prefiled by Del. Luke Torian (D-Dumfries), who... Read More
BY John Iekel | 1/11/2019
The Oregon State Treasury has announced that OregonSaves, the state-run auto-IRA program for private-sector workers in Oregon, continues to gain new participants and to grow in the balances set aside... Read More
BY John Iekel | 12/18/2018
The Garden State is one step closer to becoming the latest to create a state-run employment plan for private-sector employees whose employers do not offer a retirement plan. The New Jersey Assembly... Read More
BY NAPA Net Staff | 12/4/2018
OregonSaves, the first of the state-run IRA programs for private sector workers, is getting ready to take things up another notch.Specifically, the contribution rates for OregonSaves participants... Read More
BY NAPA Net Staff | 11/20/2018
California has joined neighboring Oregon in offering a functioning state-run retirement plan for private-sector employees whose employers do not offer a retirement plan. The pilot for CalSavers... Read More
BY Nevin E. Adams, JD | 11/20/2018
In response to a federal court request, Golden State officials have elaborated on why CalSavers – the state’s state-run automatic IRA program for private sector workers – isn’t preempted by ERISA.The... Read More
BY Ted Godbout | 11/13/2018
A surprising number of plan sponsors answered ‘yes’ to this question, but not necessarily for the reasons you might think.The LIMRA Secure Retirement Institute recently followed up on a 2016 survey... Read More
BY John Iekel | 11/7/2018
CalSavers, the state-run retirement plan for private-sector employees whose employers do not offer a retirement plan, is set to launch a pilot on Nov. 19, Calpensions has announced.The pilot is... Read More
BY John Iekel | 11/2/2018
The Oregon State Treasury has announced that OregonSaves, the state-run auto-IRA program for private-sector workers, has been expanded to allow individual Oregonians, such as self-employed or gig... Read More
BY John Iekel | 10/2/2018
The Oregon Retirement Savings Board on Oct. 9 will consider the recently proposed changes to the rules for OregonSaves, the state-run retirement savings program for private-sector workers in the... Read More
BY John Iekel | 9/14/2018
The Nutmeg State’s state-run retirement program for private-sector workers remains on hold as the Connecticut Retirement Security Authority (CRSA) seeks an executive director to run it.Legislation... Read More
BY John Iekel | 9/7/2018
The Oregon Retirement Savings Board (ORSB) reports that the Oregon State Treasury has filed a notice of proposed rulemaking that would create an option under which individuals could participate in... Read More
BY Nevin E. Adams, JD | 8/17/2018
Illinois’ mandatory auto-enrollment state-IRA program for private sector employers “may” have just become voluntary.Illinois Governor Bruce Rauner issued what’s called an amendatory veto Tuesday,... Read More
BY John Iekel | 8/15/2018
The California Secure Choice Retirement Savings Board is set to approve the execution of contracts for program administration and investment management for the California Secure Choice Retirement... Read More

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