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
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State Auto-IRA Plans
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
BY John Iekel | 2/18/2022
The CalSavers Retirement Savings Board, the body that runs CalSavers, the state-provided retirement plan for employees whose employers do not provide one, on Feb. 18 issued a request for proposal... Read More
BY John Iekel | 1/14/2022
In the first six days of 2022, measures were introduced in three state legislatures that would establish retirement plans run by the state, or by third parties with which the state establishes a... Read More
BY NAPA Net Staff | 1/13/2022
CalSavers is getting ready to impose penalties on employers with more than 100 workers with no retirement plan who haven’t registered—and it’s not cheap.
Employers that do not offer a private... Read More
BY John Iekel | 1/10/2022
The New Mexico State Treasurer’s Office has announced that it is developing protocols by which financial service providers will be approved to offer retirement savings plans to individuals, small... Read More
BY Ted Godbout | 1/4/2022
A new study looks at the impact of the first state-sponsored auto IRA program on those who previously lacked access to a plan.
In Auto-Enrollment Retirement Plans in OregonSaves, ... Read More
BY NAPA Net Staff | 12/21/2021
Another state-run IRA program for private sector workers is in the making.
Pennsylvania’s Keystone Saves program will be phased in over four years; the first two years are set aside for Treasury... Read More
BY Ted Godbout | 11/24/2021
According to a Nov. 22 announcement by the program’s board, MarylandSaves will begin offering its new automatic workplace retirement and emergency savings program starting next summer.... Read More
BY John Iekel | 11/23/2021
Americans give state-facilitated retirement programs an enthusiastic nod, a recent study has found.
In the National Institute on Retirement Security (NIRS) study “Americans’ Views of State-... Read More
BY John Iekel | 11/11/2021
Colorado and neighboring New Mexico plan to form a partnership regarding the state-run retirement saving programs each operates.
The Colorado Department of the Treasury announced Nov. 9... Read More
BY Nevin E. Adams, JD | 11/4/2021
The nation’s highest court appears to be considering a review of a challenge to the CalSavers program.
At least that’s implied by the request (Howard Jarvis Taxpayers Ass’n v. Cal. Secure Choice... Read More
BY NAPA Net Staff | 11/4/2021
Fintech recordkeeper Vestwell has announced plans to acquire Sumday, a subsidiary of BNY Mellon that manages and administers 529 college savings, 529A ABLE, and Secure Choice/Auto-IRA state-sponsored... Read More
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