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State-administered plans

Despite setback, Illinois still planning to roll out Secure Choice retirement savings plan

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Some years after starting a T-shirt and promotions business in 1981, Bob Chambers thought about ways to keep his employees invested in his company. One of the things he thought of was offering a retirement plan for employees who wanted to participate in putting money aside for their retirement. 

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Senate Kills State-Sponsored Retirement Plans For Private Sector Workers

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In a narrow vote, 50 (yes) to 49 (no), the Senate by resolution killed an Obama-era rule that greenlighted state-sponsored auto-IRA retirement programs for small business workers. 

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Senate overturns rules to help cities offer retirement plans to workers

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In a 50-49 vote, the Senate quashed Labor Department rules from the Obama administration that would have made it easier for cities to provide government-run retirement plans to private sector workers.

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Tell the Senate: Help workers save for retirement

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At the urging of financial institutions and insurance companies, the U.S. Senate is gearing up to vote on two resolutions that would stop new initiatives to help millions of private-sector workers, many of them employees of small business, save for retirement.

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Bill to Rescind DOL Rule Extending Pension Coverage Sparks Fierce Debate

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In a move that is sparking a firestorm of protest regarding the extension of retirement plans to uncovered workers, the US House of Representatives advanced two bills to overturn federal rules that would make it simpler for states to start individual retirement accounts (IRAs) for private-sector workers who do not have 401(k)s.

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How Republicans Could Block Access to Retirement Plans for Low-Income Workers

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The United States Senate is on the verge of making a vote that would have a major impact on the chances for young and low-income people to save for a secure retirement.

 

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Congress Poised To Halt State-Mandated Small Business Retirement Plans

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Large employers are backing two Congressional resolutions that would put a stop to burgeoning state and city-mandated workplace retirement savings programs meant to cover the 55 million American workers without a private sector plan. The vote could come next week, and is causing alarm among retirement security watchdogs and the states that are rolling out plans.

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Mandatory Retirement Savings Program Coming to a State Near You?

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Washington state has created a Small Business Retirement Savings Marketplace where small businesses can go to get affordable retirement plans to offer their employees. 

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When Will New State Retirement Plans Start Enrollment?

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Half of private sector employees don’t have access to a workplace retirement savings plan, but by next year several states expect to have new plans up and running.

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Does California's Secure Choice Retirement Have Staying Power?

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A large swath of the nearly 7 million Californians working in the private sector without access to a retirement plan will soon be able to sign up for one. Or, to be more accurate, they will be automatically enrolled with the right to opt out of the new Secure Choice Retirement Savings Program. 

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