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
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State Auto-IRA Plans
BY Nevin E. Adams, JD | 10/11/2016
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
BY NAPA Net Staff | 5/2/2016
By a razor-thin margin, the Connecticut senate approved a bill establishing a state-run retirement plan for private sector workers on April 30.How razor-thin? The measure was deadlocked 18-18, mostly... Read More
BY NAPA Net Staff | 4/28/2016
It only took five years and a marathon debate session, but Connecticut’s House of Representatives has approved a state-run retirement program for private sector workers in the Nutmeg State.The so-... Read More
BY NAPA Net Staff | 3/30/2016
A new report analyzes the issues, alternatives, and next steps for state-run savings initiatives.State Savings Initiatives: Lessons from California and Connecticut, published by the Center for... Read More
BY Andrew Remo | 11/18/2015
Following President Obama’s directive at the 2015 White House Conference on Aging in July, the Department of Labor published proposed regulations Nov. 16 that create a new state payroll deduction... Read More
BY NAPA Net Staff | 6/22/2015
You can add Oregon to the list of states that are poised to create a state-run retirement savings program — but there are a lot of details yet to be worked out.On June 16 the state Senate passed... Read More
BY Nevin E. Adams, JD | 6/17/2015
New research shows that so-called “automatic” IRAs can help narrow the retirement savings gap, but it’s going to take more than a 3% deferral rate to close it.Data has shown that workers who have... Read More
BY John Iekel | 2/12/2015
Legislation just introduced in the Oregon State Senate brings the Beaver State a step closer to establishing a state-run retirement savings program.The legislation, backed by the Oregon Senate... Read More
BY John Iekel | 1/5/2015
Illinois has become the first state to put in place a state-run retirement plan in which private-sector employees can participate. Gov. Pat Quinn (D) on Jan. 4 signed into law SB2758, the measure... Read More
BY Andrew Remo | 11/5/2014
NAPA, ASPPA and NTSA submitted a joint letter Nov. 3 to the Connecticut Retirement Security Board (CRSB) in response to the board’s request for public comment in order to help the CSRB develop... Read More
BY Nevin E. Adams, JD | 8/22/2014
With the official report not due until September, a draft report released by the Oregon legislature's Task Force on Oregon Retirement Savings offers a blueprint of a proposed new mandatory auto-... Read More
BY Fred Barstein | 9/18/2013
Addressing the first annual NAPA DC Fly-in Forum on Sept. 17, Mark Iwry, the Department of Treasury’s Senior Advisor on Health Care and Retirement Policy, spoke about his auto-IRA proposal. The... Read More
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