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Employer Mandates Secure Choice Savings Program

Employer Mandates is a term commonly used to describe employer insurance obligations under the Affordable Care Act. Under the Affordable Care Act, employers with 50 or more employees are required to provide... more +
Employer Mandates is a term commonly used to describe employer insurance obligations under the Affordable Care Act. Under the Affordable Care Act, employers with 50 or more employees are required to provide minimum essential insurance coverage to their employees or else pay statutory penalties. The concept of an employer mandate is not unique to the Affordable Care Act; many EU countries have their own versions with different and/or expanded employer obligations.  less -
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

Hogan Lovells

Changes to California Retirement Law on the Horizon

Hogan Lovells on

Employers in California should be ready for a big change in the retirement law to take effect over the next three years. This change comes in the form of a new California program called CalSavers (formerly known as Secure...more

Allen Matkins

Should California Employers Be Insecure About California’s State-Run Retirement Savings Program?

Allen Matkins on

Last September, California Governor Jerry Brown signed into law SB 1234 (De León) which implements the California Secure Choice Retirement Savings Program. 2016 Cal. Stat. ch. 804. If you haven’t heard of the program,...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

Epstein Becker & Green

The New Illinois Secure Choice Savings Program: Considerations for Employers

Epstein Becker & Green on

On January 4, 2015, the governor of Illinois signed into law the Illinois Secure Choice Savings Program Act (S.B. 2758). This law—first of its kind in the nation—requires certain employers to provide an automatic payroll...more

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