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Connecticut auto-IRA will begin next month in pilot form

Connecticut auto-IRA will begin next month in pilot form
investmentnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentnews.com Daily Mail and Mail on Sunday newspapers.

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A Growing List of States Look to Boost Retire Savings Through 'Auto-IRA' Programs

A Growing List of States Look to Boost Retire Savings Through 'Auto-IRA' Programs
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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Delaware Joins the State Auto-IRA Push

Legislation
The First State has now entered the push to provide its private sector workers who do not have access to an employer-sponsored retirement plan with access to a state-facilitated retirement plan.
The legislation (HB 205), which was spearheaded by State Treasurer Colleen Davis and introduced May 20 by State Representative Larry Lambert (D-Claymont) in the Delaware House of Representatives, would establish the Delaware Expanding Access for Retirement and Necessary Savings (EARNS) program.
In general, HB 205 would require private-sector businesses with five or more employees that have been in business in the state for at least six months in the preceding calendar year and do not currently offer employees access to a tax-favored retirement plan to participate in the automatic payroll deduction IRA program. Employees could opt out of participation. ....

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Auto IRA measures move forward in New York State and Illinois

Auto-IRA measures move forward in New York and Illinois
The states advanced respective bills, with the one in New York amending its voluntary IRA law to an automatic design and the one in Illinois dramatically lowering the threshold for mandatory participation in its existing program.
May 19, 2021
2
MINS
Two states – New York and Illinois – are working to pass legislation that would give a big boost to auto-IRA initiatives.
Last week the states advanced respective bills, with the one in New York amending its voluntary IRA law to an automatic design and the one in Illinois dramatically lowering the threshold for mandatory participation in its existing program. ....

New York , United States , Angela Antonelli , Barack Obama , Mark Iwry , Bill Clinton , Treasury Department , Georgetown University Center , Us Appeals Court , New York City , Georgetown University , Retirement Initiatives , Illinois Secure Choice , New York State , Employee Retirement Income Security , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , ஏஞ்சலா அன்டோனெல்லி , பராக் ஒபாமா , ர சி து கிளின்டன் , கருவூலம் துறை , ஜார்ஜ்டவுன் பல்கலைக்கழகம் மையம் , எங்களுக்கு முறையீடுகள் நீதிமன்றம் , புதியது யார்க் நகரம் , ஜார்ஜ்டவுன் பல்கலைக்கழகம் , ஓய்வு முயற்சிகள் ,

Repeat Record Balances Highlight Need to Improve Coverage

Repeat Record Balances Highlight Need to Improve Coverage
Participant balances in employer-sponsored retirement plans have never been higher, yet millions of Americans lack access to tax-advantaged savings opportunities in their workplace.
Reported by
The latest crop of client data published by Fidelity Investments shows defined contribution (DC) retirement account balances have reached a new record for the second consecutive quarter.
According to Fidelity, the new record was reached because of consistent savings among workers and steady contributions from employers, buoyed by a positive stock market performance. Despite many U.S. workers still feeling the impact of the coronavirus pandemic, loans and withdrawals from retirement savings accounts trended downward during the first quarter of this year. ....

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