State Sponsored Plans

An increasing number of states are crafting and implementing retirement programs for employees whose employers do not offer one. All of them are new, but an industry insider discusses some of the states that have forged ahead on something newer than new.  Chad Parks, Founder and CEO of Ubiquity... READ MORE

We’ll pass on that, the U.S. Supreme Court said when asked to review a ruling on a challenge to the legality of CalSavers, California’s state-run retirement plan for private-sector employees whose employers do not offer one. Congress should take the hint, suggests a recent analysis, and let the... READ MORE

The First State is poised to join its sister states that provide a state-run retirement plan.   By a 35-1 margin, the state House of Representatives passed legislation May 17, 2022 to create the Delaware Expanding Access for Retirement and Necessary Savings (EARNS) program, which is intended to... READ MORE

A bill is before the California Senate that would expand CalSavers, the state-run retirement plan that provides coverage to those whose employers do not, to cover almost all employers in the Golden State. SB 1126, introduced by Sen. Dave Cortese (D-Santa Clara), would expand the definition of “... READ MORE

Less than two months remain for employers with five or more employees in the Golden State to register with CalSavers, the state-run retirement plan for those whose employers do not offer one.  CalSavers, enacted in 2012 but not launched until July 1, 2019, has required employers to either begin... READ MORE

OregonSaves, the state-run program which provides employees in the Beaver State with retirement benefits if their employers do not, was the first such program to begin operating in the United States. A recent study assessed how well it is doing, and researchers have some good news for its advocates... READ MORE

Connecticut Comptroller Natalie Braswell announced March 24 the launch of MyCTSavings, the state-run retirement savings program intended to provide coverage for private-sector employees whose employers do not offer them a plan. A pilot was launched in September 2021. MyCTSavings is mandatory for... READ MORE

CalSavers, the state-provided retirement plan for employees whose employers do not provide one, was launched on July 1, 2019. Now, more than two and a half years later, where does it stand?  Registration Registration was set to take place in three waves:  Wave 1: Employers with more than 100... READ MORE

CalSavers, the state-run retirement plan for employees whose employers do not provide a plan, had a 2021 befitting a plan created and run by a place called the Golden State.  In an annual report about CalSavers, the CalSavers Retirement Savings Board reports that by many measures the plan grew,... READ MORE