Nevada Bill Marks Third Try at Establishing State-Sponsored Retirement Plan
Two previous attempts to pass similar legislation ended up going nowhere.
The SECURE Act has lifted barriers and made it easier for firms to offer annuities in retirement plans.
The proposed bill would require nearly all US companies to enroll workers in a retirement plan.
The amended ‘Secure Choice’ program would apply to companies with 10 or more employees.
Congressional leaders are calling on the GAO to investigate risks and expense concerns with the popular funds.