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
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State Auto-IRA Plans
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
BY John Iekel | 10/28/2021
The CalSavers Retirement Savings Board has issued a Notification of Proposed Emergency Regulation Action to readopt regulations that took effect earlier in 2021.
The Board adopted... Read More
BY NAPA Net Staff | 10/22/2021
Gov. Kathy Hochul (D) has signed into law legislation that would convert New York State’s voluntary participation state-run IRA program to mandatory for employers that do not offer a retirement plan... Read More
BY John Iekel | 8/31/2021
Nearly 8 in 10 employers did not report any out-of-pocket (OOP) costs associated with participating in the program.
Of course, one of the selling points of OregonSaves, the state-run retirement... Read More
BY John Iekel | 8/4/2021
The Connecticut Retirement Security Authority (CRSA) has announced the launch of a pilot of MyCTSavings, the state-run retirement savings program intended to provide coverage for ... Read More
BY NAPA Net Staff | 6/29/2021
Although the “laboratory” for such analysis is relatively small, and the timeframe for evaluation somewhat limited, there are some early signs to consider.
Industry pundits and policymakers alike... Read More
BY NAPA Net Staff | 6/28/2021
Add the Pine Tree State to the growing list of states offering program to provide coverage to those whose employers do not offer a plan.
Gov. Janet Mills (D) signed the Act To Promote... Read More
BY John Iekel | 6/18/2021
The Pine Tree State is poised to become the latest state to offer a state-run retirement plan to provide coverage to those whose employers do not offer a plan.
The Maine House of... Read More
BY Ted Godbout | 6/8/2021
The New York State legislature has taken another big step toward enacting a mandatory auto-IRA program.
The State Senate voted 44-19 on June 7 to approve NY A03213-A, legislation that would... Read More
BY John Iekel | 6/2/2021
A measure that would expand the Illinois Secure Choice Savings Program, the state-run retirement plan for workers whose employers do not offer one, awaits the signature of Gov. J. B.... Read More
BY Nevin E. Adams, JD | 5/26/2021
The plaintiffs in the case note that, despite a meticulous detailing of the program, the analysis applied by the appellate court “comes to the wrong conclusion for several reasons, all of which are... Read More
BY Ted Godbout | 5/21/2021
The First State has now entered the push to provide its private sector workers who do not have access to an employer-sponsored retirement plan with access to a state-facilitated retirement plan.... Read More
BY Ted Godbout | 5/17/2021
New York State’s legislature is now looking at making its existing auto-IRA program mandatory.
The state’s General Assembly on May 11 passed NY A03213A by a vote of 125-22 that would... Read More
BY Ted Godbout | 5/12/2021
Legislation establishing a mandatory auto-IRA retirement savings program for private sector entities in the Big Apple has now been signed into law.
New York Mayor Bill de Blasio on May... Read More
BY Nevin E. Adams, JD | 5/6/2021
The first case challenging a state-run IRA program for private sector workers as preempted by ERISA has concluded that it… isn’t.
As acknowledged in the outset of the Ninth Circuit’s May 6... Read More
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