The Department of Labor has sent proposed rules that would make it easier for states to mandate enrollment in retirement savings plans for workers without access to programs in the private sector.
The Office of Management and Budget noted it received the rule, titled "Savings Arrangements Established by States for Non-Governmental Employees," but the content of the rule has yet to be posted.
In July, President Obama announced he was instructing Labor to issue guidance for states that want to mandate small employers enroll workers in IRAs.
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.