Letters

Safe Harbors for State Run Retirement Plans

Summary

SIFMA provides comments regarding the Department of Labor’s (DOL) proposed regulation under the Employee Retirement Income Security Act of 1974, as amended, (ERISA) describing circumstances in which a payroll deduction savings program, including one with automatic enrollment, would be eligible for a safe harbor and not be considered an employee pension benefit plan under ERISA.

See also:
Savings Arrangements Established by States for Non-Governmental Employees

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