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State-Run Open MEPs Ready to Bloom, But with Challenges
Bloomberg BNALink to more items from this source
Nov. 24, 2015
"Challenges to state-backed open MEPs may come from two angles: industry opposition and the need for implementation guidance.... [O]pen MEPs can also be formed across state borders depending on whether the individual states have the extraterritorial authority to do so.... The open MEP approach is 'much more valuable in importance than' the payroll-deduction IRAs because MEPs have the advantages that ERISA brings.... In addition to addressing cross-border authority, guidance is also needed for instances in which a group of states try to bring in employees from nonparticipating states[.]"

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