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American Benefits Council Letter to House Leaders about State-Sponsored Retirement Plans for Private-Sector Employees (PDF)
American Benefits Council
[Opinion] Feb. 15, 2017
"While well intentioned, the rules could hurt retirement savings and participants by discouraging plan sponsorship and limiting protections for workers.... [Key issues include:] Undermining ERISA's protections ... Additional burdens on plans sponsors ... Less retirement savings ... Great potential for states to regulate retirement plans ... Great potential for conflicting mandates on multi-state employers ... Depriving the system of innovation."
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