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- Author: David S. Mitchell, Jeremy Smith
- Publication Date: 01-2016
- Content Type: Policy Brief
- Institution: Aspen Institute
- Abstract: On November 18, 2015, the Obama Administration's Department of Labor (DOL) published two important legal opinions that propose to give states new options for expanding retirement coverage for private-sector workers. These opinions open the door for states to move forward along one of two distinct paths: a payroll deduction plan that avoids ERISA, or a more traditional model that would fall under ERISA. This issue brief summarizes these rules and highlights the tradeoffs state policymakers will face when deciding which of these new avenues to pursue. The brief will be updated once the proposals are finalized.
- Topic: Economics, Human Welfare, Labor Issues, Governance, Social Movement
- Political Geography: United States