In the News • February 21, 2017
“A landmark, IRA-type retirement savings program created for millions of Californians, came under threat last week when House Republicans passed a joint resolution aimed at blocking states from setting up such payroll savings plans. The resolution, which now moves to the Senate for consideration, targets Department of Labor rules designed to expand the number of […]
In the News • February 20, 2017
“Flexing their majority, House Republicans approved House Joint Resolution 66 by U.S. Rep. Tim Walberg, R-Tipton., and H.J. Res 67 by U.S. Rep. Francis Rooney, a Republican from Florida, to torpedo a long-agreed upon retirement security programs in several states, including California. Republicans have employed a rarely used parliamentary procedure to put these bills on a track where committee review […]
In the News • February 20, 2017
States and local governments hit a major roadblock, after the U.S. House of Representatives approved resolutions blocking Department of Labor safe-harbor rules for their private-sector retirement savings programs. Read the article.
In the News • February 16, 2017
“So much for states’ rights. The Republican-controlled Congress took aim this week at states that are creating retirement saving programs for workers who do not already have 401(k)s through their jobs. Seven states – including populous California, Illinois and Maryland – are implementing government-sponsored auto-IRA plans, and another 30 are considering their own, according to […]
In the News • February 13, 2017
“Maybe not with politicians, but the general public is getting tired of worrying how they’ll survive during retirement. That’s according to a new poll from the National Institute on Retirement Security and Greenwald Associates, which found that bipartisan support among Americans for state-sponsored retirement plans is even stronger, at 75 percent, than it was in 2015, when it […]
In the News • February 13, 2017
“A state program to help millions of Californians save for retirement could hit a roadblock this week if the U.S. House of Representatives votes to keep states from setting up individual plans for those who don’t have access to 401(k)-type benefits through their jobs. With the GOP controlling the White House and Congress, some Republicans in […]
In the News • February 13, 2017
“A state program to help millions of Californians save for retirement could hit a roadblock this week if the U.S. House of Representatives votes to keep states from setting up individual plans for those who don’t have access to 401(k)-type benefits through their jobs. With the GOP controlling the White House and Congress, some Republicans in […]
In the News • February 11, 2017
“The multitrillion-dollar retirement savings gap in America is a financial crisis of mind-boggling scope. It is also a moral one. That became clearer this week when a fast-track resolution was introduced in Congress to undermine Oregon and a handful of other states that are trying to make retirement saving easier for lower-income workers, many of […]
In the News • February 10, 2017
“One of the best ways to help people save money for retirement may soon be blocked by Congress. This week, two Republican Congressmen introduced bills that would effectively prevent states and cities from setting up automatic retirement programs for small business workers. More than 30 states are in various stages of developing these savings plans, according to the Georgetown […]