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State-Sponsored Private Employee Retirement Plans First Step Towards Nationalized Retirement?

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Amanda wants to live in a world where retirement security is no longer a dream. When she’s not nerding out on social media, you can find her exploring life through her motto, “live life like a curious child with a meticulous attention to details.” Her retirement goals are to travel and own a French vineyard. Happy saving #SaverNation

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December 2, 2015 at 12:26 pm
Press

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Kate Crowther, Director of Government Relations at Ubiquity Retirement + Savings spoke with Fiduciary News about if state-sponsored retirement plans amount to the first step towards nationalizing America’s retirement system.

“Senator Hatch’s bill is straightforward in its intent and clear in its definitions and directives,” says Crowther. “It is a timely and needed bill that will address the sentiment by the private market that the DOL has created an unfair advantage for the states with the ERISA guidance recently released from OMB and now open for public comment. I believe these developments will apply renewed pressure for the Senate to move on MEP legislation; it is viewed by many as a fair compromise in relation to the state programs and clears resistance from the industry to help propel state programs forward.”

 

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