The Senate has passed a resolution to repeal a Labor Department safe harbor that allows municipalities to auto-enroll private-sector workers in retirement plans administered by local governments.
The resolution passed by a 50 to 49 margin. It was brought under the Congressional Review Act and required only a simple majority to pass.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
