Wills, Trusts & Estates Prof Blog

Editor: Gerry W. Beyer
Texas Tech Univ. School of Law

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Thursday, August 7, 2014

Auto IRA Bills Face Potential Problem

IRAThere have not been any states to pass a bill that authorizes employers in the private-sector to enroll their employees in IRA plans automatically. The idea is catching on though, with four states initiating studies on the issue, and 17 states considering passing a law to allow the practice. However, 14 of these states will have conflicting laws on the books if they do pass auto IRA legislation, as those 14 states currently have a law that requires an employee to first authorize any deductions that are taken by an employer.

See John Iekel, State Auto IRA Bills Face an Inconvenient Wrinkle, July 18, 2014.

http://lawprofessors.typepad.com/trusts_estates_prof/2014/08/auto-ira-bills-face-potential-problem.html

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