[Correction: The article has been updated to reflect the fact that Gov. Lombardo signed the bill on June 13.]
Nevada became the latest state to provide retirement plan coverage for... Read More
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State Auto-IRA Plans
BY John Iekel | 6/6/2023
Vermont is now among the states providing a state-run plan for private-sector employees whose employers are not. Gov. Phil Scott (R) has signed into law the measure that called for the creation of... Read More
BY John Sullivan | 6/5/2023
Nevada is the latest to pass a state-run retirement savings program for private-sector employees. The Nevada Assembly passed the bill, SB305, on Sunday by a vote of 35-7. It’s now up to Nevada... Read More
BY John Iekel | 5/31/2023
The odds increased of Nevada becoming the next state to provide retirement plan coverage to private-sector employees whose employers do not, when the state Senate on May 29 voted in... Read More
BY John Iekel | 5/25/2023
The Pennsylvania House of Representatives on May 24 passed HB 577, a bill that would create the Keystone Saves Program, which would be an automatic enrollment payroll deduction IRA retirement savings... Read More
BY John Iekel | 5/24/2023
The Nutmeg State’s House of Representatives has voted in favor of a bill that would make a variety of adjustments to the Connecticut Retirement Security Program, the state-run program that provides... Read More
BY John Sullivan | 5/22/2023
Minnesota became the latest state to officially launch a state-sponsored retirement plan for private-sector employees lacking coverage.
Governor Tim Walz signed HF0782, the... Read More
BY John Iekel | 5/18/2023
CalSavers, the state-run retirement plan that covers private-sector employees whose employers don’t offer a plan, is growing—but so far this year, the expansion in assets is outstripping that of... Read More
BY John Iekel | 5/12/2023
The Land of 10,000 Lakes is poised to become the next to adopt a measure creating a state-run retirement program that provides coverage for private-sector employees whose employers do not.
The... Read More
BY NAPA Net Staff | 5/12/2023
Talk about a timely topic—the passage and adoption of state-facilitated retirement savings programs (usually auto-IRAs) continues, with the latest, Minnesota, happening in mid-May.
It’s... Read More
BY John Iekel | 5/11/2023
The Vermont House of Representatives has passed legislation that would create VTSaves, bringing the state one step closer to becoming the latest to establish a state-run retirement... Read More
BY John Iekel | 5/5/2023
A bill that would establish a state-run retirement plan to provide coverage for employees whose private-sector employers do not is working its way through the Pennsylvania legislature.
The... Read More
BY John Iekel | 5/3/2023
The Minnesota House of Representatives on May 1 passed a bill that would create the Minnesota Secure Choice Retirement Program, a state-run retirement plan for private-sector employees whose... Read More
BY John Sullivan | 4/30/2023
CalSavers, the Golden State’s government-sponsored retirement plan, is looking for help and released a request for proposals (RFP) on Friday for “program consulting services.”
The intent of the... Read More
BY John Sullivan | 4/24/2023
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
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
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