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Retirement in the Land of Lincoln: The Illinois Secure Choice Savings Program Act
Prof. Edward A. Zelinsky via SSRNLink to more items from this source
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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