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
Advertisement
State Auto-IRA Plans
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
BY Nevin E. Adams, JD | 10/11/2016
New York City Comptroller Scott M. Stringer has unveiled a new city-run retirement plan for private sector workers – including a city-sponsored multiple employer plan (MEP).The underlying rationale... Read More
BY Andrew Remo | 9/30/2016
Another state-run retirement program for the private sector is now on the books.California Gov. Jerry Brown (D) signed into law Sept. 29 legislation that will implement the California Secure Choice... Read More
BY NAPA Net Staff | 9/13/2016
A series of small and mid-sized employer focus groups finds a general skepticism regarding state-run retirement saving initiatives.The Pew Charitable Trusts recently conducted focus groups in... Read More
BY Andrew Remo | 8/26/2016
Four years after enactment of the California Secure Choice Retirement Savings and Trust Act (S.B. 1234), the California Assembly passed legislation Aug. 25 approving the program’s implementation... Read More
BY Nevin E. Adams, JD | 8/26/2016
The Labor Department’s final rule outlining the circumstances in which state retirement savings programs would not be treated as creating ERISA-covered pension plans is out. The final rule largely... Read More
BY Nevin E. Adams, JD | 7/27/2016
State-run retirement programs for the private sector – and those who might be affected by them – could soon get some additional clarity from the Labor Department.That would come via the final Labor... Read More
BY NAPA Net Staff | 7/26/2016
As more state legislatures debate and institute state-run plans for private-sector employees, keeping up to date on what’s happening in your state and others is becoming more and more important. The... Read More
BY Nevin E. Adams, JD | 7/18/2016
Could the next state-run retirement program for the private sector emerge from the Great Lakes State?Last week, state Representatives Scott Dianda (D) and Robert Wittenberg (D) introduced House Bill... Read More
BY NAPA Net Staff | 7/5/2016
Last Friday marked not only the start of a new month — it was also the day on which Maryland became the latest state to activate a program that provides retirement benefits to private-sector... Read More
BY Andrew Remo | 6/24/2016
A recent forum brought together a group of political heavy hitters in Oregon and other key stakeholders – including Judy Miller of the American Retirement Association – to discuss the current status... Read More
BY Andrew Remo | 6/3/2016
Connecticut is now the fourth state behind Illinois, Oregon, and Maryland to require employers in the private sector over a certain size offer a retirement plan for their employees.That came with... Read More
BY NAPA Net Staff | 5/18/2016
The “fixes” are said to be in, and legislation that would give life to Connecticut’s state-run retirement plan for private sector workers is on its way to Gov. Dannel Malloy (D) for his signature.... Read More
BY NAPA Net Staff | 5/11/2016
Maryland Gov. Larry Hogan (R) signed into law legislation on May 10 that will create a state-run retirement plan for workers not covered by a retirement plan at work.The bill (SB 1007) establishes... Read More
BY NAPA Net Staff | 5/9/2016
With time running out on the legislative session, progress on a state-run retirement program for the Centennial State has been postponed indefinitely.Pensions... Read More
Recent Comments