The First State Auto IRA Is Up Running and Working So Why Do Some Business Groups Want These Plans to Fail?

K&L Gates LLP
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As we go to press, a leading business trade group, backed by faulty legal “advice,” is aiming to kill state automatic individual retirement accounts (IRAs). Their immediate target is OregonSaves, which launched the first such pilot program this summer, with similar programs in development in Illinois, California, Maryland, and Connecticut. (Full disclosure, my firm is working with a number of these states.)

Originally published in Benefits Law Journal, Vol. 30. No. 4 - Winter 2017.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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