State Initiatives 2020: New Programs Begin Implementation While Others Consider Action

In the 2019 state legislative sessions, at least 20 states introduced legislation to establish new programs or form study groups to explore their options. Since 2012, at least 45 states have acted to implement a new program, study program options or consider legislation to establish state-facilitated retirement savings programs. Today, there are 11 states and 1 city that have enacted new programs for private sector workers. States and cities appear ready to continue to lead with new, innovative programs and proposals during the 2020 legislative sessions.

For access to the most up-to-date, interactive 2020 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).

12 New Programs

To date, new programs have adopted one or a combination of these four models:

There are now 12 retirement savings programs for private sector workers that have been enacted – California (auto-IRA), Connecticut (auto-IRA), Illinois (auto-IRA), Maryland (auto-IRA), Massachusetts (MEP), New Jersey (auto-IRA), New Mexico (“Hybrid” – Voluntary Marketplace/Auto-enroll payroll deduction Roth IRA), New York (voluntary payroll deduction Roth IRA), Oregon (auto-IRA), Vermont (MEP) and Washington (marketplace) and the city of Seattle (auto-IRA).

Many are taking steps to implement their programs and make progress. Oregon has now opened its program to all eligible employers and interested individuals in the state. The Washington State Retirement Marketplace opened for business on March 19, 2018. As of December 2019, California is in the process of registering employers as part of its official program rollout between now and 2022 and Illinois already has completed its three waves of employer registrations.

For an overview, see State-Facilitated Retirement Savings Programs: A Snapshot of Plan Design Features (19-03, December 31, 2019 UPDATE)

2020 Legislative Action

Visit the CRI Supporters Homepage to access the most up-to-date 2020 state legislative map, detailed information on the progress of state program implementations, the State Resource Center and much more.

2019 Legislative Map