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Facilitating State-Level Action to Support a Secure Retirement
U.S. Department of Labor [DOL] BlogLink to more items from this source
Nov. 17, 2015
"[In] every budget since taking office, the President has proposed to automatically enroll in an IRA approximately 30 million employees without access to a workplace retirement savings plan.... [I]ndividual states have moved ahead ... But concerns that such programs may run afoul of federal pension law have hindered efforts at the state level. The rule that the [DOL] is proposing ... gives states the best possible path forward consistent with federal law. It's important to note that we care much more about states creating safe and secure savings opportunities than we do about exactly what the programs look like. We know that there is no one-size-fits-all approach to this, and that good ideas are going to spawn even better ones."

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