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
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State Auto-IRA Plans
BY John Iekel | 10/28/2021
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
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
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