“States seeking to require employers to establish ‘automatic IRAs’ and ERISA-compliant 401(k) programs received a green light from the Obama administration with the release of rules designed to relieve concerns that state-directed retirement programs would be preempted by the federal government. The interpretive rule specifies that the state, and not the employer, would function as fiduciary in such retirement saving programs. Speaking to reporters in Chicago, Perez called states ‘great laboratories of public policy innovation.’ He said that more than two dozen states are currently considering legislation permitting them to establish savings programs.”
http://www.bna.com/dol-opens-door-n57982063631/
Did you like this?
Tip Freedomwat.ch Staff with Bitcoin
Tip Freedomwat.ch Staff with Bitcoin
Related posts:
Pentagon: U.S. sends team of Marines to Yemen
CNBC: Bitcoin Bonanza
German bank starts charging customers to hold their cash
Building superintendent mistakes tomato plants for pot, and so did cops he called
Samaritans in Taiwan turn plastic junk into items for the needy
Scientists use 3D printer to make tissue-like material
Afghan president: U.S. special forces creating ‘insecurity and instability’
Facebook launches global Internet access initiative
India's third biggest gold fund reopens to investors
New Rochelle sued by veterans group over Gadsden flag removal
NSA mass phone surveillance revealed by Edward Snowden ruled illegal
Russia: Hidden chips 'launch spam attacks from irons'
Soc. Security, Treasury target taxpayers for parents’ decades-old debts
China moves to purge Internet of porn, rumors and, critics say, dissent
Amish sect found guilty of hate crimes in beard cutting