A bill to establish the Minnesota Secure Choice Retirement Program (HF 782), a state-sponsored auto-IRA, passed through the Ways and Means Committee in the Minnesota House on Monday with the... Read More
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State Auto-IRA Plans
BY John Sullivan | 4/24/2023
BY John Sullivan | 4/14/2023
While the retirement plan industry generally applauds the introduction and adoption of state-sponsored retirement plans, the possibility some could compete with and “crowd out” private plans due to... Read More
BY John Sullivan | 4/11/2023
Update: This article now includes comments from the American Retirement Association CEO Brian Graff to the Nevada Senate Government Affairs Committee in support of the bill.
Nevada... Read More
BY John Sullivan | 4/9/2023
Vermont is the latest state to push for a mandatory auto-IRA for uncovered workers and is close to getting its wish.
The Green Mountain State’s Senate swiftly and unanimously passed the VTSaves... Read More
BY John Iekel | 2/10/2023
OregonSaves, CalSavers, Illinois Secure Choice…call it what you will, they and their counterparts boil down to one basic thing—a retirement plan sponsored by the state government to provide at least... Read More
BY John Iekel | 1/20/2023
The Colorado Department of the Treasury on Jan. 18 announced that the Colorado SecureSavings Program is open for businesses to register with it.
The Centennial State’s state-... Read More
BY Ted Godbout | 1/13/2023
To address the ongoing retirement savings gap, all but three states have initiated or passed legislation to set up a state-sponsored retirement savings plan (SSRP), and while early implementation... Read More
BY John Iekel | 12/7/2022
The Office of the Delaware State Treasurer on Dec. 5, 2022, announced that it is seeking proposals from qualified firms interested in providing program consulting services for the Delaware Expanding... Read More
BY NAPA Net Staff | 9/19/2022
As planned, another state-run IRA program for private sector workers has launched—with some good news for early employer adopters.
The announcement notes that while the services are free for... Read More
BY John Iekel | 9/8/2022
The pilot of the Colorado SecureSavings, the Centennial State’s state-sponsored retirement savings program for those whose employers do not offer a retirement plan, will launch in October.
The... Read More
BY John Iekel | 8/29/2022
CalSavers, the state-run program that provides retirement plan coverage to private-sector employees whose employers do not, will cover nearly all such employees in the Golden State.
Gov. Gavin... Read More
BY John Iekel | 8/19/2022
It may not be the first in this instance, but the First State has joined its sisters that provide retirement plan coverage to employees whose private-sector employers do not.
Gov. John Carney (D)... Read More
BY John Iekel | 8/17/2022
Expanding the scope of CalSavers is one step closer to happening. The state Assembly has passed a measure that would do so.
S. 1126, a measure that would expand the definition of “eligible... Read More
BY NAPA Net Staff | 7/28/2022
Employers in California, Illinois and Oregon, three of the first states to launch programs to help private sector workers save for retirement, were still creating new plans in 2020 and were shedding... Read More
BY John Iekel | 6/28/2022
All it will take for Delaware to become the next state to offer a retirement plan that would provide coverage for employees whose employers do not offer one is the stroke of one pen.
The... Read More
BY John Iekel | 6/13/2022
We’ll pass on that, the U.S. Supreme Court said when asked to review a ruling on a challenge to the legality of CalSavers, California’s state-run retirement plan for private-sector employees whose... Read More
BY NAPA Net Staff | 6/2/2022
The Commonwealth of Virginia has selected Vestwell as the program administrator for RetirePath Virginia, the state’s retirement program for employees whose employers do not offer a plan. ... Read More
BY John Iekel | 5/16/2022
A bill before the California Senate would expand CalSavers, the state-run retirement plan that provides coverage to those whose employers for not, to cover nearly all employers in the Golden State... Read More
BY John Iekel | 5/12/2022
The Show Me State is on the verge of committing to a state-run retirement plan for private-sector employees.
Legislation that would create the Missouri Workplace Retirement Savings Plan... Read More
BY John Iekel | 5/11/2022
Arizona is set to study public-private partnerships in retirement savings programs. Gov. Doug Ducey (R) on May 2 signed a measure to create a committee to do so.
Senate Bill 1375 was... Read More
BY John Iekel | 5/6/2022
The Aloha state is poised to set in motion a state retirement plan that would be unique among its counterparts—employees would have to opt in, and a retiree would be among the members of the board... Read More
BY John Iekel | 5/2/2022
The fintech firm has been selected as the vendor that will administer the first multi-state retirement plans that provide retirement plan coverage for employees whose employers do not.... Read More
BY John Iekel | 4/26/2022
OregonSaves, the state-run program which provides employees in the Beaver State with retirement benefits if their employers do not, was the first such program to begin operating in the United States... Read More
BY John Iekel | 3/29/2022
Connecticut Comptroller Natalie Braswell announced March 24 the launch of MyCTSavings, the state-run retirement savings program intended to provide coverage for private-... Read More
BY Nevin E. Adams, JD | 3/1/2022
Despite a request—and an apparent consideration of that request—the nation’s highest court has decided not to take on a case challenging the CalSavers state-run IRA program for private sector workers... Read More
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