For states wishing to introduce legislation that establishes retirement savings programs for private sector workers, examples of model legislation are available.
A Guide to State-Facilitated Retirement Savings Legislation, 2018 – Supporter Access Only. This guide documents the legislation enacted or introduced in state and cities during 2018, organized by type of model considered. During the 2018 legislative session, at least 16 states and cities introduced or enacted legislation. Since 2012, more than 43 states have considered or enacted legislation to address the retirement savings gap among private-sector workers.
A Guide to State-Facilitated Retirement Savings Legislation, 2017 – Supporter Access Only. This guide documents the legislation enacted or introduced in state and cities during 2017, organized by type of model considered.
State Auto-IRA (“Secure Choice”) Program
Morse, David E. (Spring 2019). Helping the Other Half Save: Model State Auto-IRA Act. Benefits Law Journal, 32(1), offers model legislation for states that have yet to pass Auto-IRA secure choice savings programs.
Secure Choice 2.0: States Blazing a Path to Retirement Security for All, by the National Conference on Public Employee Retirement Systems (NCPERS), offers model legislation for an auto-IRA program (see Appendix 2).
State Multiple Employer Plan (MEP)
Multiple Employer Plans (MEPs) – An Overview of Legal, Regulatory and Plan Design Considerations for States, by the Georgetown University Center for Retirement Initiatives (CRI), offers model legislation for a MEP program (see Appendix B).