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California Mapping New Path for Secure Choice
Bloomberg BNA Link to more items from this source
Mar. 2, 2017
"Members of the Secure Choice Retirement Savings Board said existing provisions of [ERISA] could make retirement accounts exempt from the act if Congress passes H.J. Res. 66. The measure would repeal [DOL] regulations that explicitly exempted Secure Choice and similar programs in other states from ERISA.... Board members said they would be on solid ground if they rely on a safe harbor dating to 1975 that exempts employers from ERISA's fiduciary requirements if they provide an individual retirement account to employees."

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