IL Roth Mandate on Hold

The landmark legislation pass in Illinois making it the first state to mandate that employers automatically enroll their employees in a qualified retirement plan is under review by the federal Department of Labor (DOL).  This, however, was actually part of the legislation.  The Illinois legislators were uncertain of the potential for federal “uncertainty” especially when it came to the responsibilities under ERISA so they required that it be reviewed by the DOL prior to implementing the law which is suppose to take effect on June 1, 2017.  It will be in my blog as soon as the ruling comes down from the DOL.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s