State Briefs

State Briefs

State-Facilitated Retirement Savings Programs: A Snapshot of Plan Design Features (18-03, March 3, 2018)
This document provides summary information, grouped by plan design model, about the features of the state-facilitated retirement savings programs enacted by 9 states and 1 city.

 

Comparison of Retirement Plan Design Features, by State: Massachusetts, Washington, New Jersey and Vermont (18-02, February 15, 2018 UPDATE) – Partner Access Only
This comparison chart provides an overview of the characteristics of the state-sponsored retirement programs in four states:  Massachusetts’ Retirement Plan for Non-Profits (“Prototype Plan”), Washington’s Small Business Retirement Marketplace, New Jersey’s Small Business Retirement Marketplace, and Vermont’s Green Mountain Secure Retirement Plan (“Multiple Employer Plan”).

Comparison of Retirement Plan Design Features, by State: Illinois, Oregon, Maryland, Connecticut, California and Seattle (18-01, February 15, 2018 UPDATE) – Partner Access Only
This comparison chart provides an overview of the characteristics of the state-sponsored auto-IRA programs retirement programs in five states: Illinois’ Secure Choice Savings Program, Oregon’s OregonSaves program, Maryland’s Small Business Retirement Savings Program and Trust, Connecticut’s Retirement Security Exchange, California’s Secure Choice Retirement Savings Program and the newest program – Seattle’s Retirement Savings Plan.

16-03

Lessons from California, Connecticut, and Oregon: How Plan Design Considerations Shape the Financial Feasibility of State Auto-IRAs (16-03)
As a growing number of states move toward establishing retirement savings plans for private sector workers who lack access to an employer sponsored plan, policymakers and stakeholders are very interested in plan cost. States should be encouraged by findings from the financial feasibility studies conducted on state sponsored retirement plans in California, Connecticut, and Oregon. This policy brief describes the lessons that were learned from California, Connecticut and Oregon, and sheds insight into retirement saving program design construction and program structure.