Following in the footsteps of several other states, the Empire State is moving forward with its own voluntary retirement savings program for employees who are not offered a plan through their... Read More
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State Auto-IRA Plans
BY NAPA Net Staff | 3/29/2018
An industry trade group has settled its lawsuit against the Oregon Retirement Savings Board – but the issue raised wouldn’t seem to be settled yet.The ERISA Industry Committee (ERIC) had filed a... Read More
BY Joseph A. Caruso, III | 3/26/2018
Wyoming Gov. Matthew H. Mead (R) has signed legislation (WY SF 116) creating a retirement income security task force to study the Equality State’s retirement preparedness and retirement savings... Read More
BY NAPA Net Staff | 3/20/2018
The Washington State Department of Commerce on March 19 announced the launch of the state’s Retirement Marketplace, a virtual marketplace in which financial services firms will offer low-cost... Read More
BY NAPA Net Staff | 3/13/2018
Another state-run IRA retirement plan for private sector workers is gearing up to go live.The investment board for California’s Secure Choice program (now renamed “CalSavers”) last week approved... Read More
BY NAPA Net Staff | 3/5/2018
The first of the state-run retirement IRA programs for private sector workers to come online has topped the million-dollar asset threshold.As of March 1, 362 employers had registered to facilitate... Read More
BY John Iekel | 2/20/2018
The New Jersey Treasury Department is reviewing responses to its request for information (RFI) from private-sector firms to provide investment products for the Garden State's Small Business... Read More
BY NAPA Net Staff | 1/29/2018
The nation’s first state-run retirement plan for private sector workers is picking up steam – but the opt-out rates are a bit of an eye-opener.As of Dec. 1, after five months of the pilot phase, the... Read More
BY John Iekel | 1/11/2018
Missouri is the latest state whose legislature has before it a measure that would establish a state-run program for employees whose employers do not offer a retirement plan. State Rep. Kip Kendrick,... Read More
BY John Iekel | 1/5/2018
The official launch of Washington State’s Small Business Retirement Marketplace “is drawing near,” Washington State Department of Commerce Marketplace Director Carolyn McKinnon has announced. The... Read More
BY John Iekel | 12/15/2017
Seattle workers whose employers do not offer a retirement plan will have access to one through the city if a proposal by Mayor Jenny Durkan (D) is enacted.On Oct. 10, then-Mayor Tim Burgess (D) sent... Read More
BY NAPA Net Staff | 11/13/2017
The Nutmeg State’s state-run auto-IRA plan for private sector workers isn’t going to be ready for business on Jan. 1, 2018 – no matter what retirement plan vendors may have told you.In fact, Labor... Read More
BY John Iekel | 10/31/2017
The California Secure Choice Retirement Savings Investment Board has issued a request for proposal for investment consulting services, California State Treasurer John Chiang (D) has announced.The... Read More
BY John Iekel | 10/30/2017
The Oregon Retirement Savings Board has completed a second stage of rulemaking for OregonSaves, the state-run retirement plan that is approaching full implementation. The Board filed updated rules... Read More
BY NAPA Net Staff | 10/17/2017
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
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
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