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
Advertisement
State Auto-IRA Plans
BY Nevin E. Adams, JD | 6/19/2017
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
BY NAPA Net Staff | 2/16/2017
The U.S. House of Representatives has passed two resolutions of disapproval to block Labor Department regulations regarding state-run retirement plans for private sector workers.H. J. Res. 66,... Read More
BY Andrew Remo | 2/10/2017
The Oregon State Treasury has put forth a proposal in support of its state-run plan for private sector workers who don’t have a plan at work – that could affect private sector 401(k) plans. The... Read More
BY NAPA Net Staff | 2/9/2017
Resolutions have been introduced in the U.S. House of Representatives to block Labor Department regulations regarding state-run plans for private sector workers.Reps. Tim Walberg (R-MI), chairman of... Read More
BY NAPA Net Staff | 1/31/2017
A new report cautions that, while well-intentioned, states considering mandating automatic enrollment payroll deduction IRAs are likely to hurt the very workers they think they are helping.The report... Read More
BY Brian Graff | 1/26/2017
A Joker is taking over Gotham City. Known as the New York City Nest Egg Plan, it is an ambitious attempt to close the retirement plan coverage gap for residents of the largest city in the United... Read More
BY NAPA Net Staff | 1/25/2017
A new study claims that state retirement savings plans do more than merely boost retirement security.Segal Consulting conducted a review of all 50 states and the District of Columbia to estimate the... Read More
BY NAPA Net Staff | 1/24/2017
Recent changes to the proposed rules for the Oregon Retirement Savings Plan — which has since been renamed OregonSaves — were fueled by comments the Oregon State Treasury received that sought... Read More
BY NAPA Net Staff | 1/18/2017
The Oregon State Treasury has updated proposed rules for the Oregon Retirement Savings Plan (ORSP). The Treasury announced on Jan. 17 that it has filed the updated proposed rules with the Oregon... Read More
BY Nevin E. Adams, JD | 12/20/2016
The Labor Department has made some changes to the final regulations regarding state-run retirement programs for private sector workers – specifically regarding those established by “state political... Read More
BY Sheldon Smith and Chris Rylands | 11/2/2016
You might recall that the Department of Labor (DOL) took the position earlier this year that it had to protect individual retirement accounts and annuities as well as IRA owners by extending certain... Read More
BY NAPA Net Staff | 10/14/2016
They may not have very much in common, but the two major party presidential candidates seem to be on the same page when it comes to state-run auto-IRA programs.According to Politico, Diana Furchtgott... Read More
Recent Comments