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
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State Auto-IRA Plans
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
BY Ted Godbout | 5/3/2021
Legislation establishing a retirement savings program for private sector entities in New York City that includes recommendations from the ARA has been sent to the mayor’s desk for his signature.... Read More
BY Ted Godbout | 4/9/2021
The pending legislation would make Virginia the next state to offer a state-run retirement plan for workers who do not have access to a plan through their employer.
The VirginiaSaves... Read More
BY John Iekel | 3/3/2021
Three states have programs up and running to make retirement plan coverage available to those whose employers do not offer it. So where do they stand? A recent report provides a look.
The... Read More
BY John Iekel | 3/2/2021
Virginia appears to be poised to become the next state to offer a state-run retirement plan for employees whose employers do not offer one. Legislation that would create one in the Old Dominion... Read More
BY John Iekel | 2/19/2021
The Oklahoma legislature is considering a measure that would make the Sooner State one of the next to provide a state-run retirement plan for employees whose employers do not offer a plan. ... Read More
BY Andrew Remo | 2/17/2021
Five years after it was first introduced, the initiative to create a state-based retirement program for the private workforce in the Commonwealth of Virginia has taken a major leap forward—with a key... Read More
BY Nevin E. Adams, JD | 2/8/2021
Citing the “change in administration,” the Labor Department has backed off its previous support for a lawsuit challenging the CalSavers Retirement Savings Program.
As recently as last summer,... Read More
BY Ted Godbout | 1/28/2021
Another state legislature is moving forward with a state-run retirement savings program for private sector employees.
The Virginia House of Delegates on Jan. 26 voted 56-44 to approve House... Read More
BY John Iekel | 1/21/2021
As 2020 ended, Illinois Secure Choice—the state-run retirement program for private-sector employees whose employers do not offer a retirement plan—had growing assets and an opt-out rate that was... Read More
BY John Iekel | 1/11/2021
CalSavers, the state-run retirement program for employees whose employers do not offer a retirement plan, grew in the fourth quarter of 2020 while and the opt-out rate held steady, according to the... Read More
BY John Iekel | 12/14/2020
Employee opt-outs from the CalSavers and Illinois Secure Choice retirement programs for employees whose employers do not offer a retirement plan were down as of the end of November.
Both... Read More
BY John Iekel | 11/25/2020
At a Nov. 10 meeting of the Oregon Retirement Savings Board (ORSB), the board voted to enter into termination negotiations with Ascensus to end the arrangement under which the firm has been the... Read More
BY John Iekel | 11/5/2020
The CalSavers Retirement Savings Board reports that employer registrations and employee participation have increased in CalSavers, the state-run program that provides retirement plan coverage to... Read More
BY Ted Godbout | 10/20/2020
Illinois employers that have failed to register for the Secure Choice program and don’t offer their own retirement plan should take note that the Prairie State plans to step up enforcement of the... Read More
BY John Iekel | 8/10/2020
A bill pending in the Maine legislature would create a public-private partnership to promote individual retirement savings accounts.
State Senator Eloise Vitelli (D-Sagadahoc) introduced... Read More
BY John Iekel | 7/20/2020
The Centennial State has joined those providing a state-sponsored program for workers whose employers do not offer a retirement plan. Gov. Jared Polis (D) on July 14 signed into law ... Read More
BY Nevin E. Adams, JD | 6/29/2020
The CalSavers Retirement Savings Program is being challenged in court—and now the Labor Department has weighed in.
It’s not the first time the Administration has weighed in on the legality of... Read More
BY John Iekel | 6/9/2020
Legislation now before the Ohio House of Representatives would create a defined benefit plan for employees of private sector employers. It is believed to be the first such state proposal... Read More
BY John Iekel | 6/5/2020
Colorado is poised to join the states that have a state-sponsored retirement savings plan for private sector workers—including a mandate for employers with more than five employees ... Read More
BY John Iekel | 5/29/2020
The California Secure Choice Retirement Savings Investment Board has issued a Request for Proposals for program consulting services for CalSavers, the state-sponsored program for employees... Read More
BY John Iekel | 5/18/2020
New Mexico has joined the list of states that provide a state-run retirement plan safety net. But while the legislation creating the New Mexico Work and Save program has been enacted, the state body... Read More
BY John Iekel | 3/30/2020
The lag between registration in the OregonSaves program and submission of payroll deductions is longer than originally anticipated, but the rollout is accelerating, says a new study. ... Read More
BY John Iekel | 3/12/2020
The Maryland Small Business Retirement Savings Program is seeking proposals for program administration and investment management services. It seeks them to assist in the development of... Read More
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