New Mexico Passes State-Run Retirement Program Legislation
The legislation provides for a state-run auto-IRA program as well as a marketplace from which employers can choose low-cost retirement...
Tag: state-run retirement plans
Lawsuit Arguing ERISA Preemption of CalSavers Dismissed
A federal court judge found no impermissible reference to or connection with ERISA plans in the statute establishing California’s state-run...
Initial CalSavers Data Shows an Issue With ‘Stickiness’ of the Program
However, the deadlines for employers to register stretch out to 2022, so the data could improve over time to approach...
A National Program Like OregonSaves Would Reduce Retirement Deficit
The Employee Benefit Research Institute also found an expansion of 401(k) safe harbor plans nationwide would reduce the deficit by...
U.S. Considering Whether to Join Lawsuit Over California Secure Choice Program
The lawsuit alleges the act that created the Secure Choice program “violates the Supremacy Clause of the United States Constitution...
OregonSaves Filling the Retirement Plan Coverage Gap
The state-run retirement program for private-sector employees is reporting $25 million saved for retirement, and has announced expansion to more...
OregonSaves Shows Initial Success
At the time of an analysis from the Center for Retirement Research (CRR) at Boston College, 62% of eligible workers...
ERIC Files Lawsuit Against Oregon Retirement Savings Board
The association claims OregonSaves’ reporting requirements obstruct ERISA.