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Retirement Plan › Private Sector › Corporate Counsel

Fisher Phillips

Employer Guide to Nevada’s New Retirement Savings Program for Private Sector Employees

Fisher Phillips on

Nevada’s new state-facilitated retirement program for private-sector employees is now live. While the Nevada Employee Savings Trust (NEST) Program is designed to minimize the administrative, cost, and liability burdens for...more

Proskauer - Law and the Workplace

New York State to Require Certain Private Employers to Automatically Enroll Employees in State Retirement Program

Proskauer - Law and the Workplace on

New York Governor Kathy Hochul has signed into law a bill that will require certain private employers in the state to automatically enroll their employees in a state-administered retirement savings plan if the employer does...more

Fox Rothschild LLP

NYC Will Require Mandatory Retirement Savings For All Private Sector Employees

Fox Rothschild LLP on

On May 11, 2021, Mayor Bill de Blasio signed into law legislation that will require private sector employers located in New York City to provide a mandatory retirement savings program for their employees. As a result, New...more

Littler

Connecticut to Implement Mandatory IRA Program for Private-Sector Employees in 2019

Littler on

The State of Connecticut has announced that in January 2019 it will begin requiring private-sector employers without their own workplace-based retirement plans to enroll employees in Individual Retirement Arrangements (IRAs)...more

Franczek P.C.

Final Regulations Issued on Application of ERISA to State-Sponsored Retirement Programs for Private Sector Employees

Franczek P.C. on

The U.S. Department of Labor (“DOL”) has issued final regulations allowing states to implement state-sponsored retirement plans for private sector employees without running afoul of the Employee Retirement Income Security Act...more

Miles & Stockbridge P.C.

A Mandatory Retirement Plan for Maryland Employers

Miles & Stockbridge P.C. on

“Obamacare, but for retirement plans” is one way to describe recent state initiatives to establish automatic enrollment into individual retirement accounts (IRAs). One big difference, of course, is that the Affordable Care...more

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