Nicholas Pension Consultants
Compensation Strategies Group, Ltd.
Nova 401(k) Associates
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|Retirement in the Land of Lincoln: The Illinois Secure Choice Savings Program Act|
Prof. Edward A. Zelinsky via SSRN
May 19, 2015
"Illinois has now become the first state to complete legislative enactment of a state-mandated, state-operated retirement system for private employers.... That, as a matter of law, the Illinois private sector retirement arrangement qualifies under the Code and ERISA does not mean that this arrangement is sound as a matter of policy. The choices made by Illinois' legislators are noteworthy because they represent the choices of the first state to authorize a state-operated, state-mandated private sector retirement program. Those choices are thus an important contribution to a critical national debate, but will not end that debate."
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