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DOL Announces Final Rule on State Payroll Deduction IRA Accounts
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL]
[Guidance Overview] Aug. 25, 2016
"The final rule announced today provides guidance for states in designing programs by providing a safe harbor from ERISA coverage to reduce the risk of ERISA preemption of the relevant state laws. Importantly, the rule also protects worker rights by ensuring they have the ability to opt out of auto-enrollment arrangements."
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