Several New Programs Will Begin to Enroll Workers, Some Begin Implementation Planning for 2023 Launch, While Others Consider Legislative Proposals and Partnership Opportunities
2022 STATE PROGRAM STATUS
States will continue to lead with new, innovative programs and proposals during the 2022 legislative sessions. For access to the most up-to-date, interactive 2022 state map, with detailed tracking of implementation status, legislative action, and summaries of bills introduced at the state and local level, visit State Programs and Legislation (log in required).
As 2021 ended, more than 20 states and cities had introduced legislation to establish new programs or form study groups to explore their options. Since 2012, at least 46 states have acted to implement a new program, study program options, or consider legislation to establish state-facilitated retirement savings programs. Today, there are 15 states and 2 cities that have enacted new programs for private sector workers.
17 Programs (15 states and 2 cities)
To date, new programs have adopted one or a combination of these four models:
There are now 17 enacted retirement savings programs (15 states and 2 cities**) for private sector workers.
*The new Hawaii program is a variation on the auto-IRA model. Eligible employers must notify their employees about the program and, if employees choose to opt-in to the program, employers must then facilitate contributions to the programs.
**New York City’s program is expected to merge into the New York State program. The Seattle, WA program is on hold indefinitely pending state legislative action.
As of April 1, 2022, 6 states of these 15 state programs (4 auto-IRA – OR, IL, CA and CT and 2 others – MA and WA) are open to employers and workers.
For an overview of all the state programs (with hyperlinks to state program websites and additional information), see State-Facilitated Retirement Savings Programs: A Snapshot of Plan Design Features (21-02, October 31, 2021 UPDATE)
For more information and a breakdown by state, please visit https://cri.georgetown.edu/states/