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Loan & Distribution Specialist AimPoint Pension
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Ninth Circuit Holds California Mandated IRA Program Not Preempted by ERISA
Faegre Drinker May 19, 2021 "[The] holding could deter future challenges to other state-administered IRA plans. Colorado, Illinois, Maryland, Oregon, and New Jersey have already enacted plans similar to CalSavers. If this trend continues, multistate employers may have to comply with differing benefit laws in various states." [Howard Jarvis Taxpayers Ass'n v. California Secure Choice Ret. Savings Program, No. 20-15591 (9th Cir. May 6, 2021)] |
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