CalSavers Delays First Enrollment Deadline

On April 15, the California Secure Choice Retirement Savings Investment Board voted to delay the program’s first enrollment deadline for companies with more than 100 employees from June 30 to September 30, 2020.

ERIC Provides Guidance on Proposed Massachusetts State Retirement Savings Program Bills

The ERISA Industry Committee (“ERIC”) is writing to submit comments regarding proposed bills HB.1075, HB.1076, HB.1103, SB.574, and SB.602 to reinforce the importance of ensuring that the proposed state retirement savings program conforms with the preemption protection afforded by federal law—the Employee Retirement Income Security Act of 1974 (“ERISA”) —and does not impose benefit, reporting, or administrative requirements on employers already sponsoring a retirement plan.