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The State of State-Run Retirement Savings Programs (PDF)
Cohen & Buckmann, P.C. in Practical Guidance
[Guidance Overview] May 3, 2022 "Participation in mandatory programs, called auto-IRA programs. is required for employers who do not sponsor their own 401(k) or 403(b) plans. Some plans, such as California's Secure Choice program, also known as Cal Savers, even allow employees to enroll on their own. However, legal uncertainties and the COVID pandemic have delayed implementation of these and additional state programs. As a result of recent Supreme Court action, that may change, and more states may be implementing state- run savings programs." |
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