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Retirement Plan › Individual Retirement Account (IRA) › Employer Mandates

BCLP

New York State and City Employers Should Prepare to Provide Retirement Plan Options For Their Employees

BCLP on

New York State Employers - In October 2021, New York State (“NYS”) passed legislation, Senate Bill S5395A, amending the New York State Secure Choice Savings Program (the “Program”), a retirement savings plan. The...more

Littler

NYC Mandates Retirement for All

Littler on

New York City employers that do not offer their own retirement savings plans to employees will soon be required to do so. Two recently enacted New York City laws (Bill Nos. 888-A and 901-A, collectively the “Retirement...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

I like State Employer Mandated IRAs, I just hate State Employer Mandated IRAs

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on

I like the idea of states enacting mandated employer State IRA programs, I just don’t like State Employer Mandated IRAs. It doesn’t make sense or does it....more

Miller Canfield

Illinois Secure Choice Savings Program Act

Miller Canfield on

The Illinois Secure Choice Savings Program Act (“Act”) [820 ILCS 80/1 through 80/95] was effective June 1, 2015. The Act requires most employers in Illinois to offer a retirement program or provide employees a payroll...more

Proskauer Rose LLP

ERISA Newsletter - Third Quarter 2017

Proskauer Rose LLP on

Editor's Overview - As we have observed on other occasions, the ERISA class action plaintiffs' bar has, for several years now, honed in on 401(k) plan fiduciaries and their decisions to select and retain investment options...more

Benesch

New OregonSaves Retirement Program Impacts Employers with Oregon Employees

Benesch on

On July 1, 2017, OregonSaves Retirement Program (“OregonSaves”) went into effect. OregonsSaves is sponsored by the State of Oregon, and is a state-run automatic Roth Individual Retirement Account (“IRA”) for private-sector...more

Franczek P.C.

Illinois Becomes the First State to Require Automatic Retirement Savings Program for Workers Without Access to a Workplace...

Franczek P.C. on

On January 5, 2015, outgoing Governor Quinn signed landmark legislation that created the “Secure Choice Savings Plan” which will give Illinois workers who do not have the option to participate in a workplace retirement...more

Franczek P.C.

Monthly Benefits Update - December 2014

Franczek P.C. on

Illinois Becomes the First State to Require Automatic Retirement Savings Program for Workers Without Access to a Workplace Retirement Plan - On January 5, 2015, outgoing Governor Quinn signed landmark legislation that...more

Faegre Drinker Biddle & Reath LLP

Illinois Enacts Nation's First Auto-IRA Program

Faegre Drinker Biddle & Reath LLP on

Illinois Governor Pat Quinn signed legislation over the weekend enacting the Illinois Secure Choice Savings Program and making Illinois the first state in the nation to require covered employers to provide employees with...more

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