275  7TH Ave  7th floor New York , NY 10001                                                                                                                dcullinanecpa@yahoo.com

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​Daniel Cullinane CPA                                   p 848-250-9587                                                                                                                                     

A number of states are taking steps to boost worker retirement plans. Since 2012, six states have passed laws creating state run retirement plans targeting private sector workers who lack access to them through their employers. Washington and New Jersey are developing marketplaces akin to health exchanges, where workers who want to participate can choose from a group of limited options  such as target date, and balanced mutual funds and President Obama's myRA plan. Other states want employers to offer payroll deduction IRA  and enroll workers who do not opt out. Ill, Conn, Ore, and Md have all adopted this growing trend. A more radical proposal in Calif aims sto create a universal 401k plan for employees who lack access to retirement plans, regardless of where they work Many other states are looking at this Minn NY V and VT

​BENEFIT PLANS

​JULY NEWSLETTER 2