State Initiatives 2022: Several New Programs Will Begin to Enroll Workers, Some Begin Implementation Planning for 2023 Launch, While Others Consider Legislative Proposals and Partnership Opportunities
2022 STATE PROGRAM STATUS
States will continue to lead with new, innovative programs and proposals during the 2022 legislative sessions. For access to the most up-to-date, interactive 2022 state map, with detailed tracking of implementation status, legislative action, and summaries of bills introduced at the state and local level, visit State Programs and Legislation (log in required).
As 2021 ended, more than 20 states and cities had introduced legislation to establish new programs or form study groups to explore their options. Since 2012, at least 46 states have acted to implement a new program, study program options, or consider legislation to establish state-facilitated retirement savings programs. Today, there are 14 states and 2 cities that have enacted new programs for private sector workers.
16 Programs (14 states and 2 cities)
To date, new programs have adopted one or a combination of these four models:
- Auto-IRA (employer participation required if no plan is already offered)
- Payroll deduction IRA (voluntary)
- Multiple Employer Plan (MEP) (voluntary)
- Marketplace (voluntary)
There are now 16 enacted retirement savings programs (14 states and 2 cities*) for private sector workers.
|Individual Retirement Account
|Voluntary Payroll Deduction IRA||Voluntary Marketplace||Voluntary Open Multiple Employer Plan
|New Mexico||New Mexico
*New York City’s program is expected to merge into the New York State program. The Seattle, WA program is on hold indefinitely pending state legislative action. There are a total of 10 state auto-IRA programs and 4 other state programs.
As of October 31, 2021, 6 states (4 auto-IRA and 2 other) are open to employers and workers:
Auto-IRA programs. Oregon launched in 2017 is now open to all eligible employers and individuals in the state. California is in its third and final wave with a deadline of June 2022, Illinois has rolled out three of its five waves of employer registrations (two new waves of smaller employers added in 2021 will be completed in 2022 and 2023 as the program expanded the number of employers covered from 25 to 5 employees), and Connecticut launched its employer pilot program at the end of October 2021.
The Colorado and Maryland auto-IRA programs are expected to launch in 2022 while other states are in their planning phases.
Other state programs. The Massachusetts’ CORE MEP opened for enrollment in October 2017, and the Washington State Retirement Marketplace opened in March 2018.
For an overview of all the state programs, see State-Facilitated Retirement Savings Programs: A Snapshot of Plan Design Features (21-02, October 31, 2021 UPDATE)
2022 STATE LEGISLATIVE ACTION
Visit the CRI Supporters Homepage to access the most up-to-date 2022 state legislative map, detailed information on the progress of state program implementations, the State Resource Center and much more.
2021 Legislative Map (Year-End Final Map)