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
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State Auto-IRA Plans
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
BY John Iekel | 2/20/2019
The Oregon Treasury on Feb. 16 filed a notice of proposed rulemaking, including a statement of need and fiscal impact, for a rule that would amend OregonSaves to allow a presumption of employer... Read More
BY John Iekel | 2/11/2019
Bills before the Oregon Senate would create a statutory responsibility for employers to indicate that they are exempt from participating in OregonSaves, and a penalty for not participating if they... Read More
BY Nevin E. Adams, JD | 1/23/2019
Legislation has been introduced in the Bay State that would expand the Commonwealth’s auto-IRA program for private sector workers and establish a 401(k) parallel, with an employer mandate.
The... Read More
BY NAPA Net Staff | 1/14/2019
As part of a program to make the Big Apple the “Fairest Big City in America,” New York City Mayor Bill de Blasio has a plan for retirement savings.Specifically, noting that fewer than half of all... Read More
BY John Iekel | 1/14/2019
Legislation is before the Virginia House of Delegates that would establish the "My Virginia Plan" program, a state-based retirement plan. The bills were prefiled by Del. Luke Torian (D-Dumfries), who... Read More
BY John Iekel | 1/11/2019
The Oregon State Treasury has announced that OregonSaves, the state-run auto-IRA program for private-sector workers in Oregon, continues to gain new participants and to grow in the balances set aside... Read More
BY John Iekel | 12/18/2018
The Garden State is one step closer to becoming the latest to create a state-run employment plan for private-sector employees whose employers do not offer a retirement plan. The New Jersey Assembly... Read More
BY NAPA Net Staff | 12/4/2018
OregonSaves, the first of the state-run IRA programs for private sector workers, is getting ready to take things up another notch.Specifically, the contribution rates for OregonSaves participants... Read More
BY NAPA Net Staff | 11/20/2018
California has joined neighboring Oregon in offering a functioning state-run retirement plan for private-sector employees whose employers do not offer a retirement plan. The pilot for CalSavers... Read More
BY Nevin E. Adams, JD | 11/20/2018
In response to a federal court request, Golden State officials have elaborated on why CalSavers – the state’s state-run automatic IRA program for private sector workers – isn’t preempted by ERISA.The... Read More
BY Ted Godbout | 11/13/2018
A surprising number of plan sponsors answered ‘yes’ to this question, but not necessarily for the reasons you might think.The LIMRA Secure Retirement Institute recently followed up on a 2016 survey... Read More
BY John Iekel | 11/7/2018
CalSavers, the state-run retirement plan for private-sector employees whose employers do not offer a retirement plan, is set to launch a pilot on Nov. 19, Calpensions has announced.The pilot is... Read More
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