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DOL Guidance Provides a Big Step Forward for State-Based Initiatives
Pension Rights CenterLink to more items from this source
Nov. 24, 2015

"Since DOL has created a safe harbor to allow these plans to avoid preemption by the federal private pension law, ERISA, it is critical that the states themselves create strong protections equivalent to those in ERISA.... [The Pension Rights Center] will soon be proposing specific legislative language that states should adopt on disclosures, dispute resolution, spousal protections, and critical fiduciary protections to ensure that the money is invested solely in the interests of participant and to ensure that employee contributions are forwarded to the state program."

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