One might have thought that the momentum behind municipality-run auto-IRA programs for private sector workers was undermined by legislation signed by President Trump in April that blocked the Obama-... Read More
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State Auto-IRA Plans
BY NAPA Net Staff | 10/16/2017
The ERISA Industry Committee (ERIC) filed a lawsuit Oct. 12 against the Oregon Retirement Savings Board, saying that a provision of the state’s OregonSaves retirement program for private-sector... Read More
BY NAPA Net Staff | 10/11/2017
[POST CORRECTED OCT. 12]After expanding in August and September, the pilot program for OregonSaves, the state-run retirement program run by the Oregon Retirement Savings Board, now includes 42 more... Read More
BY John Iekel | 9/1/2017
The Oregon Treasury has unveiled a proposal to modify the Oregon State Retirement Program (ORSP).The proposal would create new rules and modify existing rules for the ORSP. Specifically, the rules:... Read More
BY Ted Godbout | 8/21/2017
A recent survey by Pew Charitable Trusts found strong support among small and mid-sized businesses for automatic IRA programs, multiple employer plans (MEPs) and online marketplaces sponsored by... Read More
BY NAPA Net Staff | 8/3/2017
The U.S. Treasury’s winding down of the myRA program will cause at least one state-run retirement program to delay its opening.Washington State’s Small Business Retirement Marketplace – which had... Read More
BY Nevin E. Adams, JD | 8/1/2017
Ascensus, already tapped to administer the OregonSaves state-run IRA program, has landed another client.The Dresher, Pennsylvania-based provider announced last week that it had been chosen as... Read More
BY John Iekel | 7/25/2017
The Washington State Department of Commerce is updating the rules for the state’s Small Business Retirement Marketplace. The department is responsible for managing the Washington Small Business... Read More
BY Ted Godbout | 7/25/2017
As more states look to establish retirement savings plans for private sector workers, a new report by LIMRA’s Secure Retirement Institute finds that 55% of DC plan sponsors indicate they are “very... Read More
BY John Iekel | 7/21/2017
The July 1 launch of Oregon's state-run auto-IRA pilot program has been a success, according to a report by the Oregon Retirement Savings Board that looks at the program’s first few weeks, as well as... Read More
BY NAPA Net Staff | 6/26/2017
The Oregon Retirement Savings Program (ORSP) on June 22 filed a temporary amendment to its program rules with the Oregon Secretary of State’s office. The amendment modifies language related to... Read More
BY Nevin E. Adams, JD | 6/19/2017
The Golden State has modified the legislation regarding its state-run auto-IRA program for private sector workers in place, readying the measure for Gov. Jerry Brown’s expected signature.In the wake... Read More
BY NAPA Net Staff | 6/12/2017
OregonSaves, the state-run auto-IRA program for private-sector workers, is not quite launched yet, but the pieces are falling into place.OregonSaves will begin operation in July 2017. The Oregon... Read More
BY NAPA Net Staff | 5/23/2017
President Trump may have unwound the ERISA safe harbor for state-run retirement plans for private sector workers, but that didn’t keep another state from approving its program.In its final hours last... Read More
BY Nevin E. Adams, JD | 5/19/2017
President Trump may have signed legislation pulling back the Obama administration’s ERISA safe harbor guidance for state-run auto IRAs, but California officials say they don’t need it.In a press... Read More
BY NAPA Net Staff | 5/18/2017
President Trump has signed legislation that overturns the Obama administration’s ERISA safe harbor rule for state-run auto-IRA programs for private sector workers.He signed the legislation on the... Read More
BY Nevin E. Adams, JD | 5/17/2017
No sooner had the U.S. Senate voted to unwind the Obama administration’s safe harbor exempting state-run auto-IRA programs from ERISA, than a pair of Senate Democrats introduced legislation designed... Read More
BY Nevin E. Adams, JD | 5/4/2017
Having moved to unwind the Obama administration’s safe harbor exempting municipalities’ auto-IRA programs from ERISA, it now looks as though the state-run program version will meet the same fate.On... Read More
BY Nevin E. Adams, JD | 5/3/2017
Senate Republicans feel they have the votes to undo the Department of Labor’s rules crafting a safe harbor that exempted states’ auto-IRA programs from ERISA.The vote on H.J.Res. 66, a Congressional... Read More
BY NAPA Net Staff | 5/1/2017
Colorado’s proposal to create a state-sponsored retirement savings program for private sector workers fell short in a Senate vote April 26.The vote to postpone consideration of the measure... Read More
BY Nevin E. Adams, JD | 5/1/2017
New research finds concerns about state-run retirement plans for private sector workers among small business owners – but also ignorance about the program.Recently LIMRA Secure Retirement Institute... Read More
BY Andrew Remo | 4/24/2017
The Beaver State took another step forward this week to implement the “OregonSaves” program, as the Oregon Retirement Savings Board approved the final rules that will govern the operation of the... Read More
BY NAPA Net Staff | 4/14/2017
President Trump has signed legislation that blocks the Obama-era DOL’s safe harbor exempting states’ and municipalities’ auto-IRA programs from ERISA.Last month the U.S. Senate passed, by a vote of... Read More
BY Andrew Remo | 3/31/2017
The U.S. Senate has passed, by a vote of 50-49, a Congressional Review Act resolution that would block the Obama-era DOL’s rule that defined the terms under which cities and counties could create IRA... Read More
BY NAPA Net Staff | 3/7/2017
Federal regulations designed to help facilitate the formation of state-run retirement plans for private sector workers look more vulnerable today.Senate Finance Committee Chairman Orrin Hatch (R-Utah... Read More
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