Page 4 - Secure Choice News Today

The state has missed two deadlines to create a retirement fund for uncovered workers, citing the COVID pandemic.

Many of those participating in the Illinois Secure Choice retirement savings program for private sector workers expressed positive views of the program in a survey conducted for The Pew Charitable Trusts.

(The Center Square) – A state-facilitated retirement savings program for private sector employees has reached a milestone in Illinois. Illinois Treasurer Michael Frerichs announced the Secure Choice Savings Program now ...

The December edition kicks off with the big news that Halo Investing has raised a $100 million Series C round to fuel ongoing growth.

Vestwell would become program manager for nearly $20 billion, adding about 800,000 participants and 17,000 small employers to its books.

SHARE: A bill passed by both the state Senate and Assembly would create a mandated savings plan for private sector employees throughout New York. Legislation creating the Secure Choice Program goes back three years, and supporters are now lobbying for Gov. Andrew Cuomo to put his signature on an amendment that would give workers at small businesses with at least 10 employees the chance to put their money into a Secure Choice IRA. Employees also would be able to opt-out under the current legisla...

This month’s Friday Five highlights both circuit and district court opinions on the scope of ERISA preemption, discretionary review and exhaustion of administrative remedies. Ninth Circuit Confirms ERISA Does Not Preempt State-Run IRA Savings Program. In a dispute over a California law that creates a state-managed individual retirement (“IRA”) program for employees without access to a tax-qualified retirement savings plan through their employer, the Ninth Circuit affirmed the district co...

PUBLISHED 5:46 AM ET May. 25, 2021 PUBLISHED 5:46 AM EDT May. 25, 2021 SHARE More than a dozen consumer, civil rights, and business groups on Monday urged state lawmakers to give final approval to a bill thats designed to aid the states savings program for private-sector workers by creating a system of automatic enrollment.  The measure, backed by AARP New York and 15 other groups, would address New Yorks Secure Choice Savings Program, an...

New York state lawmakers passed a bill to create an automatic-IRA program for private sector companies that don't offer a retirement plan.

To embed, copy and paste the code into your website or blog: The Illinois General Assembly is considering a bill (H.B. 117) that would make several amendments to the Illinois Secure Choice Savings Program Act, including extending the requirement to offer employees a retirement savings plan to employers with 5 to 24 employees. H.B. 117 was passed by the Illinois House of Representatives earlier this month and is currently pending in the Illinois Senate. Currently, Illinois employers that have 25...