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Are State-Run Plans the First Step Towards Nationalized Retirement?
Fiduciary News; free registration requiredLink to more items from this source
Dec. 1, 2015

"Now that the DOL has begun to aggressively push for state-run retirement plans for private employees, perhaps it is time to assess what this actually means to retirement savers. Specifically, these types of plans have long been outlawed by ERISA. Removing the ERISA mandates, as proposed by the DOL, removes protections to retirement savers they would otherwise enjoy. Worse, creating a spaghetti-code of state-based retirement regulations risks turning what, for many people, has been a relatively stable and consistent retirement system, into a Frankenstein monster that evokes the worst of our national health care system."

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