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DOL's Recent Guidance on State-Run Retirement Programs, Part I: The Proposed Rule on State-Sponsored IRAs
Morgan LewisLink to more items from this source
[Guidance Overview]
Dec. 11, 2015

"[T]he proposed rule sets forth certain parameters under which states may sponsor IRAs without the DOL considering the programs to be employee pension benefit plans under ERISA. While the DOL has not promised that its proposed rule will ward off all claims of ERISA preemption, the intent is to build a case for deference in favor of the DOL's rules should the principles be tested in the courts."

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