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DoL Starts Initiative to Encourage State Retirement Plans

Saturday, Sep 12 2015
Retirement
Written by  PFA News

The Department of Labor is moving forward with a rule change intended to help states start retirement plans without running afoul of regulations included in the Employee Retirement Income and Security Act. So reports ThinkAdvisor.

President Obama has directed the DOL to enact the rule so that states can offer IRA-type programs with automatic enrollment for workers without employer-sponsored plans as an alternative to the federal government offering such a program.

Read the full article from ThinkAdvisor.

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