The Aspen Institute

On January 19, 2016, FSP submitted public comments to the U.S. Department of Labor (DOL) regarding DOL’s recent proposal to establish a safe harbor from the Employee Retirement Income Security Act of 1974 (ERISA) for savings arrangements established by states for non-governmental employees. FSP commends DOL for providing this legal guidance, which FSP believes will reduce confusion and uncertainty in the many states interested in pursuing their own retirement initiatives and will thus pave the way for a meaningful expansion of retirement coverage for low- and moderate-income Americans.