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Borzi: DOL Proposal Should Help States Avoid ERISA
Bloomberg BNA
Oct. 26, 2015
"The proposal will include a provision allowing certain types of payroll deductions for automatic enrollment individual retirement accounts -- or a safe harbor -- that 'more directly addresses some of the issues the states have raised with us,' because the current safe harbor in DOL regulations calls into question some of the things states have been doing, [said Phyllis C. Borzi, assistant secretary for EBSA]."
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