The Green Mountain State and the Centennial State are going to partner in establishing VT Saves, the state-run program that will provide retirement plan coverage for private-sector employees in... Read More
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State Auto-IRA Plans
BY John Iekel | 4/12/2024
Legislation that would put in place automatic enrollment of eligible private-sector employees in the Hawaii Retirement Savings Program is one step closer to passage.
On April 9, the state... Read More
BY John Iekel | 3/28/2024
UPDATE: Washington Gov. Jay Inslee did, in fact, sign into law on March 28 the retirement savings bill, becoming the 16th state to enact a state-run auto-IRA program.
Washington Gov. Jay Inslee (D... Read More
BY John Iekel | 3/26/2024
If bills before both chambers of the Wisconsin legislature are enacted, America’s Dairyland will have a retirement plan marketplace to connect individuals and small employers with retirement plans... Read More
BY John Iekel | 3/25/2024
Automatic enrollment of eligible employees in the Hawaii Retirement Savings Program is closer to being put in place.
Sen. Sharon Moriwaki (D-Waikiki) introduced SB2553 on Jan... Read More
BY John Iekel | 3/12/2024
Add the Evergreen State to those that provide retirement plan coverage for private-sector employees whose employers do not. Well, soon.
Sen. Mark Mullet (D-Issaquah) introduced SB 6069... Read More
BY NAPA Net Staff | 2/23/2024
State Rep. Mike McFall (D-Hazel Park) has introduced House Bill 5461, which will expand retirement savings options in Michigan and allow employees to save for retirement even if their employer does... Read More
BY John Iekel | 1/22/2024
Rhode Island is on the road to possibly becoming a member of the Secure Choice Club. A bill has been introduced in the state’s House of Representatives that would establish a state-run retirement... Read More
BY Joey Santos-Jones | 12/26/2023
A report by The Pew Charitable Trusts released on Dec. 22 revealed that state automated savings programs in the United States have collectively reached over $1 billion in assets as of... Read More
BY John Iekel | 12/12/2023
Delaware is joining the Partnership for a Dignified Retirement, an interstate consortium that helps states provide access to retirement plan coverage. The action brings Delaware’s program into formal... Read More
BY John Sullivan | 12/7/2023
More good news on (closing) the retirement plan coverage gap, specifically related to state auto-IRA mandates.
The American Retirement Association has long argued—and an increasing body of... Read More
BY John Sullivan | 12/7/2023
An increasing body of research and results seem to confirm that state-sponsored retirement plans—and auto-IRAs specifically—close the coverage gap, not only by providing a public option but also by... Read More
BY John Sullivan | 9/27/2023
Vestwell continued its march on state-sponsored private retirement plans on Tuesday and announced that New Jersey has selected the company as its program administrator for the Secure Choice Savings... Read More
BY John Sullivan | 9/26/2023
Analysis of the first state-sponsored retirement plan for uncovered workers—OregonSaves—supports earlier findings that auto-IRAs do, in fact, close the coverage gap.
More specifically, a new paper... Read More
BY NAPA Net Staff | 9/12/2023
What's in the episode?:
How do you expand retirement plan coverage for workers at scale (close the coverage gap), leverage the behavioral benefits of payroll deduction, and not place an undue... Read More
BY John Iekel | 9/4/2023
The Maine Retirement Savings Program is getting closer to implementation. The Maine Retirement Savings Board has proposed a rule that would set the nuts and bolts of program operation.
Gov.... Read More
BY John Iekel | 8/21/2023
The first half of 2023 brought slow—but relentless—growth in assets and registrants for CalSavers, the state-run program that provides retirement plan coverage for private-sector employees whose... Read More
BY John Iekel | 8/17/2023
They may be on almost completely opposite ends of the country, but Colorado and Maine are cooperating in offering retirement plan coverage to their citizens.
Colorado SecureSavings program... Read More
BY John Sullivan | 7/25/2023
Research shows that state programs help private-sector retirement plan growth, according to Angela Antonelli, Executive Director of the Center for Retirement Initiatives (CRI) at Georgetown... Read More
BY Andrew Remo | 7/24/2023
July is a good time to take stock of where things stand with respect to the multitude of state laws and programs to address the retirement plan coverage gap in the private sector workforce. By the... Read More
BY John Iekel | 7/19/2023
Delaware is pursuing an interstate collaboration for the Delaware Expanding Access for Retirement and Necessary Savings (EARNS) Program. It launched the program in 2022.
According to the... Read More
BY John Iekel | 7/14/2023
RetirePath Virginia, the state-run program that will provide retirement plan coverage to Virginians whose private-sector employers do not, is now in operation. Phased enrollment began on July 1... Read More
BY John Sullivan | 7/11/2023
The American Retirement Association (ARA) and its affiliates sent a letter to the Commonwealth of Massachusetts legislature opposing its House Bill No. 3031 and Senate Bill No. 2025, legislation that... Read More
BY John Iekel | 7/1/2023
The government of Maine has enacted a measure that adjusts its state-run retirement savings program.
Gov. Janet Mills (D) on June 12 signed into law legislation that adjusts the... Read More
BY John Iekel | 6/21/2023
Participants in OregonSaves, the first state-run retirement plan for private-sector employees whose employers do not offer one, have now cumulatively saved more than $200 million through the program... Read More
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