States Bringing Public-Style Pension Plans to Private Sector

Posted on 09-03-2015 by
Tags: Latest Headlines & Stories , trending news

At least 25 states have either passed or considered legislation aimed at bringing the efficiencies of public retirement systems to new pension plans for workers in the private sector, according to the Pension Rights Center. Illinois, Oregon and Washington have passed such plans, while California and several other states have approved measures providing for studies of the issue.

Passed legislation creating new public-style plans for private-sector workers: Illinois, Oregon, Washington

Approved public-style private pension plan studies: California, Connecticut, Maryland, Minnesota, New York, Utah, Vermont, Virginia


Considered/considering legislation related to the issue: Arizona, Colorado, Indiana, Kentucky, Louisiana, Maine, Massachusetts*, Nebraska, New Hampshire, New Jersey, North Dakota, Ohio, West Virginia, Wisconsin


* Enacted pension plan for non-profits


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