State Briefs

State Briefs

State-Facilitated Retirement Savings Programs: A Snapshot of Plan Design Features (18-03, August 15, 2018 UPDATE)
This document provides summary information, grouped by plan design model, about the features of the state-facilitated retirement savings programs enacted by 10 states and 1 city.

Comparison of Retirement Plan Design Features, by State: Massachusetts, Washington, New Jersey, Vermont and New York (18-02, August 15, 2018 UPDATE) – Partner Access Only
This comparison chart provides an overview of the characteristics of the state-sponsored retirement programs in five states: Massachusetts’ CORE Retirement Plan for Non-Profits (MEP), Washington’s Small Business Retirement Marketplace, New Jersey’s Small Business Retirement Marketplace, Vermont’s Green Mountain Secure Retirement Plan (MEP) and New York’s Secure Choice Savings Program (voluntary payroll deduction IRA).

Comparison of Retirement Plan Design Features, by State: Illinois, Oregon, Maryland, Connecticut, California and Seattle (18-01, August 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.

A Guide to State-Facilitated Retirement Savings Legislation, 2017 – Partner Access Only
This guide documents the legislation enacted or introduced in state and cities during 2017, organized by type of model considered. During the 2017 legislative session, at least 22 states and cities introduced or enacted legislation. Since 2012, more than 40 states have considered or enacted legislation to address the retirement savings gap among private-sector workers.

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.