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
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State Auto-IRA Plans
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
BY John Iekel | 11/2/2018
The Oregon State Treasury has announced that OregonSaves, the state-run auto-IRA program for private-sector workers, has been expanded to allow individual Oregonians, such as self-employed or gig... Read More
BY John Iekel | 10/2/2018
The Oregon Retirement Savings Board on Oct. 9 will consider the recently proposed changes to the rules for OregonSaves, the state-run retirement savings program for private-sector workers in the... Read More
BY John Iekel | 9/14/2018
The Nutmeg State’s state-run retirement program for private-sector workers remains on hold as the Connecticut Retirement Security Authority (CRSA) seeks an executive director to run it.Legislation... Read More
BY John Iekel | 9/7/2018
The Oregon Retirement Savings Board (ORSB) reports that the Oregon State Treasury has filed a notice of proposed rulemaking that would create an option under which individuals could participate in... Read More
BY Nevin E. Adams, JD | 8/17/2018
Illinois’ mandatory auto-enrollment state-IRA program for private sector employers “may” have just become voluntary.Illinois Governor Bruce Rauner issued what’s called an amendatory veto Tuesday,... Read More
BY John Iekel | 8/15/2018
The California Secure Choice Retirement Savings Board is set to approve the execution of contracts for program administration and investment management for the California Secure Choice Retirement... Read More
BY John Iekel | 8/6/2018
OregonSaves, the state-sponsored auto-IRA program for private-sector workers in the Beaver State, may expand the savings options available to those workers.A report issued Aug. 1 by the office of... Read More
BY John Iekel | 8/3/2018
The New Jersey Secure Choice Savings Program Act, a measure that would create an automatic enrollment payroll deduction IRA in the Garden State, is before the state Assembly and the state Senate. It... Read More
BY Nevin E. Adams, JD | 7/9/2018
The nation’s first state-run IRA program for private sector employees just celebrated its first year of operation. How’s it going?Though it’s now been a year, the OregonSaves program began with a... Read More
BY John Iekel | 6/15/2018
The Oregon Retirement Savings Board has provided an update on recent activities, implementation and future steps concerning the OregonSaves state-sponsored savings program for private sector... Read More
BY Nevin E. Adams, JD | 6/4/2018
California taxpayer advocates have challenged the Golden State’s nascent state-run retirement plan for private sector workers.The suit, filed in the U.S. District Court for the Eastern District of... Read More
BY John Iekel | 4/27/2018
The Illinois Secure Choice Savings Program, the state-run retirement savings vehicle for private sector employees in Illinois who do not have access to an employer-sponsored plan, is now being tested... Read More
BY NAPA Net Staff | 4/3/2018
Advisors who work with employers in Oregon should be on the lookout for the next wave of OregonSaves registrations.Employers with 50-99 employees in Oregon will need to either register to facilitate... Read More
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