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State Sponsored Plans

State Sponsored Plans

State Sponsored Plans

By Nevin Adams5/18/2017 • 0 Comments

President Trump has signed legislation that overturns the Obama administration’s ERISA safe harbor rule for state-run auto-IRA programs for private sector workers. READ MORE

By Nevin Adams5/18/2017 • 0 Comments

No sooner had the Senate voted to unwind the safe harbor exempting state-run auto-IRA programs from ERISA, than a pair of Senate Democrats introduced legislation to restore it. READ MORE

By John Iekel5/17/2017 • 0 Comments

The Pennsylvania Independent Fiscal Office has concluded that a bill that would change the financing of the state retirement plan for school employees would change its financing but would leave benefit provisions intact. READ MORE

By Ray Harmon5/11/2017 • 0 Comments

Iowa Gov. Terry Brandstadt (R) signed HF 569 into law on May 9, opening the state teachers’ 403(b) plan to greater competition. READ MORE

By Nevin Adams 5/9/2017 • 0 Comments

Having moved to unwind the Obama administration’s safe harbor exempting municipalities’ auto-IRA programs from ERISA, it now looks as though the state-run program version will meet the same fate. READ MORE

By John Iekel5/5/2017 • 0 Comments

Oregon Treasurer Tobias Read has expressed determination to continue pursuing OregonSaves regardless of the U.S. Senate’s passage of H.J. Res. 66. READ MORE

By NTSA Net Staff4/28/2017 • 0 Comments

Colorado’s proposal to create a state-sponsored retirement savings program for private-sector workers fell short in a vote in the state Senate on April 26 READ MORE

By NTSA Net Staff4/27/2017 • 0 Comments

A new study examines what small business owners in Connecticut think about the state’s new retirement plan and how well they grasp it. READ MORE

By Andrew Remo4/24/2017 • 0 Comments

The Beaver State took another step forward this week to implement the “OregonSaves” program, as the Oregon Retirement Savings Board approved the final rules that will govern the operation of the program. READ MORE

By NTSA Net Staff4/24/2017 • 0 Comments

The Texas Public Employee Retirement Systems (TEXPERS) has released a report on the results of the strategies its local systems have followed for allocation and investment of assets. READ MORE

By Andrew Remo3/30/2017 • 0 Comments

The U.S. Senate has passed a Congressional Review Act resolution that would block the Obama-era DOL rule that defined the terms under which cities and counties could create IRA plans that automatically enroll private-sector workers whose employers do not offer a retirement plan. READ MORE

By Ray Harmon3/28/2017 • 0 Comments

More than 50 bills will be heard for the first time in the Illinois House Personnel and Pensions Committee on March 30; they include measures that would affect state and local retirement plans. READ MORE

By NTSA Net Staff3/22/2017 • 0 Comments

State and local governments’ defined benefit assets ended 2016 and its 4th quarter on a positive note, according to the Federal Reserve, READ MORE

By Ray Harmon3/16/2017 • 0 Comments

A bill that would establish a mandatory DC plan for all public employees and may block new participation in local supplemental savings plans is before the PA legislature. READ MORE

By NTSA Net Staff3/8/2017 • 0 Comments

Federal regulations designed to help facilitate the formation of state-run retirement plans for private sector workers look more vulnerable now. READ MORE

By NTSA Net Staff2/23/2017 • 0 Comments

The American Retirement Association on Feb. 21 sent a letter to the Oregon State Treasury containing its comments on the Oregon Retirement Savings Plan (ORSP), also known as OregonSaves. READ MORE

By NTSA Net Staff2/16/2017 • 0 Comments

The U.S. House of Representatives on Feb. 15 passed two resolutions of disapproval to block DOL regulations regarding state-run retirement plans for private sector workers. READ MORE

By Andrew Remo2/10/2017 • 0 Comments

The Oregon State Treasury has put forth a proposal in support of its state-run plan for private-sector workers who don’t have a plan at work — that could affect private-sector 401(k) plans. READ MORE

By NTSA Net Staff2/9/2017 • 0 Comments

Two joint resolutions now before the U.S. House of Representatives express disapproval of the Department of Labor’s rule on state and municipal retirement savings plans for private-sector employees. READ MORE

By NTSA Net Staff1/31/2017 • 0 Comments

A new report cautions that, while well-intentioned, states considering mandating automatic enrollment payroll deduction IRAs are likely to hurt the workers they think they are helping. READ MORE

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