SIFMA Legal Brief & Regulatory Tracker - January 2016

SIFMA

Description

Wisconsin - Committee on Labor and Government Reform (The Honorable Stephen L. Nass) Issue Description Regulation State Run Retirement SIFMA provides comments to the 2015 Senate Bill 45 Honorable Stephen L. Nass in opposition of SB 45. SB 45 would create a Wisconsin Retirement Security Board (RSB) to conduct a feasibility study on, hold at least four public hearings across the state regarding, and finally establish and manage a private retirement security plan for state residents.

We agree that there is a retirement savings challenge in this country; however, we have serious concerns with the legislation focusing on a state run retirement savings plan for private sector workers as its exclusive remedy. SIFMA Committee Submitted State Government Relations 12-10-2015 Washington Stephen Vogt |AVP & Assistant General Counsel, Office of the General Counsel | svogt@sifma.org | 202-962-7393 J.T. Gyorfy |Assistant Vice President, Public Policy & Advocacy | jtgyorfy@sifma.org | 202-962-7448 .