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Retirement Plan › State-Run Retirement Plans

Fisher Phillips

It’s Time for New Jersey Employers to Register for State-Administered Retirement Savings Program

Fisher Phillips on

If your New Jersey business doesn’t sponsor a retirement savings program, it’s time for you to create a system allowing workers to sock away retirement money through automatic payroll deductions. Thanks to the New Jersey...more

Seyfarth Shaw LLP

Washington Saves; Washington State’s New State-Mandated Retirement Program

Seyfarth Shaw LLP on

On March 28, 2024, Washington State’s Governor, Jay Inslee, signed into law a bill that creates a new state-run retirement program called “Washington Saves.” Under the program, “covered employers” must give “covered...more

Robinson & Cole LLP

Connecticut Implements Mandatory Retirement Plans for Workers

Robinson & Cole LLP on

In response to what many financial experts consider a retirement savings crisis, the State of Connecticut enacted legislation in 2016 creating the Connecticut Retirement Security Authority (CRSA). The CRSA was tasked with...more

Proskauer - Law and the Workplace

New York State to Require Certain Private Employers to Automatically Enroll Employees in State Retirement Program

Proskauer - Law and the Workplace on

New York Governor Kathy Hochul has signed into law a bill that will require certain private employers in the state to automatically enroll their employees in a state-administered retirement savings plan if the employer does...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

New Jersey creates Required State Run Auto-IRA Plan

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

As Congress and the Department of Labor (DOL) still keep the status of open multiple employer plans in legal limbo, individual states are still going ahead with state-run programs....more

Franczek P.C.

Senate Votes to Revoke Department of Labor Guidance on State-Run Retirement Plans for Private Sector Employees

Franczek P.C. on

In yet another move to roll-back regulatory guidance issued during the Obama administration, earlier this month the U.S. Senate voted to revoke a final rule and associated interpretive guidance that the Department of Labor...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

What Phyllis Borzi got wrong

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

It’s been about 4 months since Phyllis Borzi left her position as the head of the Employee Benefit Security Administration (EBSA) and as time passes by, we can certainly opine on her accomplishments in that position. Of...more

Schwabe, Williamson & Wyatt PC

Oregon Launches Retirement Savings Program: Employer Registration Will Be Required

Schwabe, Williamson & Wyatt PC on

In 2015, Oregon passed legislation creating a state-based retirement savings program that has since been named “OregonSaves.” Implementation of the OregonSaves program was delayed pending the issuance of final rules by the...more

Littler

Oregon Board Adopts Final Rules to Implement Retirement Savings Program

Littler on

On April 18, 2017, the Oregon Retirement Savings Board adopted final rules to implement the Oregon Retirement Savings Program (known as “OregonSaves”) codified at 170-090-0001 et seq. OregonSaves establishes a...more

Best Best & Krieger LLP

Best in Law: Employers, Be Aware of Just-signed Laws

Best Best & Krieger LLP on

Bathrooms, Retirement Plans Among New Laws, Partner Brian Reider Writes in the Press-Enterprise - As we wind up this year and look back on the election, legislation passed in California and recent court decisions, there...more

Chambliss, Bahner & Stophel, P.C.

It's Time to Reassess Your Medicare Choices

Chambliss, Bahner & Stophel, P.C. on

Workers in some states will soon have another option to save for retirement. California is the latest state to pass a law that establishes state-run retirement plans for workers who do not have a plan through their employer....more

Chambliss, Bahner & Stophel, P.C.

States Begin Offering State-Run Retirement Plans

Chambliss, Bahner & Stophel, P.C. on

Workers in some states will soon have another option to save for retirement. California is the latest state to pass a law that establishes state-run retirement plans for workers who do not have a plan through their employer....more

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