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State Sponsored Plans

State Sponsored Plans

State Sponsored Plans

By NTSA Net Staff4/28/2016 • 0 Comments

It only took five years and a marathon debate session, but Connecticut’s House of Representatives has approved a state-run retirement program for private sector workers in the Nutmeg State. READ MORE

By NTSA Net Staff4/12/2016 • 0 Comments

With time running out on its 2016 legislative session, the Maryland House has passed the state’s auto-IRA bill by a veto-proof majority. READ MORE

By Andrew Remo4/1/2016 • 0 Comments

Despite some persistent rumors and underhanded marketing to the contrary, the Illinois Secure Choice Savings Program Act provides that employers that already have a retirement plan are excluded from the law. READ MORE

By Ray Harmon3/28/2016 • 0 Comments

Last week, the Republican-led Pennsylvania legislature sent Gov. Tom Wolf (D) a budget bill that he refused to sign. But unlike the Republicans’ budget package Wolf historically vetoed last summer, this one automatically became law this week, and won’t include pension or liquor reform.

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By Andrew Remo3/17/2016 • 0 Comments

Legislation pending in the Maryland General Assembly uses more carrot than stick to entice private employers in the state to offer a retirement savings program for their employees. READ MORE

By NTSA Net Staff3/17/2016 • 0 Comments

The Board of Governors of the Federal Reserve in its latest quarterly report about U.S. financial accounts, provides information on how state and local government DB and DC funds fared from a variety of perspectives during the fourth quarter of 2015. READ MORE

By Ray Harmon3/15/2016 • 0 Comments

Since January, new state retirement plan bills have poured into state legislatures around the country, some promising opportunity and some threatening confusion or worse for state plan participants. READ MORE

By NTSA Net Staff3/14/2016 • 0 Comments

Last week, a harmful provision that could have extended Connecticut’s state-run retirement coverage mandate to ERISA plans was dropped from the bill reported out of committee. READ MORE

By Andrew Remo3/11/2016 • 0 Comments

The Connecticut Retirement Security Board has introduced legislation that creates a state-run plan for the private sector and would force employers that already have retirement plans in place to enroll workers who do not have to be covered under ERISA in the state-run program. READ MORE

By NTSA Net Staff3/9/2016 • 0 Comments

State and local governments’ expenditures on their pension plans rose in fiscal year (FY) 2014, according to the National Association of State Retirement Administrators (NASRA). READ MORE

By NTSA Net Staff3/1/2016 • 0 Comments

The U.S. Supreme Court on Feb. 29 allowed cuts to remain in place that the administration of Gov. Chris Christie (R) made to the state’s public employee pension system. READ MORE

By Ray Harmon2/23/2016 • 0 Comments

Eight months without a budget has rendered Keystone State politics tenser than ever. Gov. Tom Wolf (D) is now being sued by two Republican legislators for exceeding his authority and potentially delaying pension reform legislation that could also preserve local 403(b) choice. READ MORE

By NTSA Net Staff2/18/2016 • 0 Comments

Arizona Gov. Doug Ducey (R) on Feb. 16 signed a reform of the Arizona Public Safety Personnel Retirement System (PSPRS) — the state pension system that serves state police and firefighters. READ MORE

By NTSA Net Staff2/16/2016 • 0 Comments

Iowa State Treasurer Mike Fitzgerald and state Sen. Janet Petersen have rolled out a state-run retirement plan proposal. READ MORE

By NTSA Net Staff2/11/2016 • 0 Comments

Challenges to steps New Jersey Gov. Chris Christie's (R) administration has taken to address the financial woes of the state employee pension system are being bumped upstairs to the state — and federal — Supreme Courts. READ MORE

By NTSA Net Staff2/10/2016 • 0 Comments

Increased longevity is good news, but for pension plans it creates more stress — it spells greater drain and heightens the likelihood that plans will pay benefits for a longer period.

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By NTSA Net Staff2/5/2016 • 0 Comments

Many state and local pension plans have poor funding ratios in varying degrees of severity, and that has been exacerbated by the effect of a variety of economic factors on their 2015 investment returns.
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By NTSA Net Staff1/27/2016 • 0 Comments

New Jersey’s retirement system could suffer even more if the state Supreme Court strikes down a 2011 law that froze pension benefits, Moody’s warned on Jan. 20. It’s not the first time in the last three months that Moody’s has had sobering analyses for the Garden State. READ MORE

By ASPPA Net Staff1/22/2016 • 0 Comments

The office of Illinois Auditor General William G. Holland reports that Illinois' pension plan funding liabilityhas worsened further. READ MORE

By NTSA Net Staff1/21/2016 • 0 Comments

Small businesses in the Garden State will soon be able to use a virtual marketplace to choose a private retirement plan; New Jersey Gov. Chris Christie (R) has signed into law a measure establishing that marketplace. READ MORE

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