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
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State Auto-IRA Plans
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
BY NAPA Net Staff | 3/11/2020
California’s auto-IRA program for private sector workers has prevailed against claims that it runs afoul of ERISA’s preemption.
The suit, filed in the U.S. District Court for the Eastern District... Read More
BY John Iekel | 2/10/2020
In “Participation and Leakages in Oregon’s Auto-IRA,” Laura D. Quinby, Wenliang Hou, Anek Belbase and Geoffrey T. Sanzenbacher of the Center for Retirement Research (CRR) at Boston College examine... Read More
BY John Iekel | 1/8/2020
The California Secure Choice Retirement Savings Board has released a report on the first six months of the Golden State’s retirement savings program for residents whose employers do not offer a... Read More
BY Ted Godbout | 9/24/2019
The American Retirement Association (ARA) has raised concerns with the New York City Council about the application of ERISA in relation to a retirement savings program for private-sector employees... Read More
BY John Iekel | 8/23/2019
Michael Parker, Executive Director of the Oregon Savings Network – whose charge includes OregonSaves – recently provided a closer look at the state-sponsored retirement plan for private-sector... Read More
BY Nevin E. Adams, JD | 7/29/2019
A court challenge to California’s CalSavers program has reemerged, claiming the state-run mandatory auto IRA program for private sector workers poses a significant financial risk to taxpayers.
The... Read More
BY John Iekel | 7/2/2019
The Oregon Retirement Savings Board (ORSB) now may partner with other states in providing services similar to those offered by OregonSaves, the Beaver State’s state-run auto-IRA program for... Read More
BY John Iekel | 6/24/2019
July 1 is the registration deadline for the next wave of employers for the Illinois Secure Choice Savings Program, a retirement savings vehicle for private sector employees in Illinois who do not... Read More
BY John Iekel | 6/7/2019
Oregon employers that do not comply with the rules of OregonSaves– the Beaver State’s state-sponsored retirement program – will face penalties starting next year.
Gov. Kate Brown (D) has... Read More
BY Ted Godbout | 4/4/2019
A bipartisan task force in Pennsylvania is recommending the establishment of a state-run auto-IRA program to help workers who don’t have access to a private-sector retirement plan.
The task... Read More
BY NAPA Net Staff | 4/2/2019
New Jersey Gov. Phil Murphy (D) has signed legislation establishing a state-run retirement savings plan for private-sector employees whose employers do not offer a retirement plan.
Murphy signed... Read More
BY John Iekel | 3/25/2019
The Pacific Rim, a place where it’s a bit less unusual than others for new land to explode into existence, is adding to the state-sponsored retirement plans earthquake. Add Hawaii and Washington to... Read More
BY John Iekel | 2/26/2019
All that stands between a bill establishing the New Jersey Secure Choice Savings Program and its becoming law is the signature of New Jersey Gov. Phil Murphy (D).
The state... Read More
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