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Text of DOL Final Regs: Savings Arrangements Established by Qualified State Political Subdivisions for Non-Governmental Employees
Employee Benefits Security Administration [EBSA], U.S. Department of Labor [DOL]
[Official Guidance] Dec. 19, 2016
59 pages. "This document contains an amendment to a final regulation that describes how states may design and operate payroll deduction savings programs for private-sector employees, including programs that use automatic enrollment, without causing the states or private-sector employers to have established employee pension benefit plans under [ERISA]. The amendment expands the final regulation beyond states to cover qualified state political subdivisions and their programs that otherwise comply with the regulation."
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