We’ve detailed why this just doesn’t work at a policy level, but mandating state-run IRAs is even more concerning at a financial level.Congress can act to end the exemption – but they need to hear from you.Last year, the Department of Labor exempted state and local municipalities from existing rules that protect retirement accounts.Free from the rules that govern your 401(k), states see a land grab in the retirement market and want to compete for your nest egg, and in some cases mandate automatic payroll deductions!It’s hard to imagine these programs making any real difference, and I’d argue that they may actually hurt.Already our ever-expanded public school bureaucracy has inspired parents to abdicate vast swaths of parenting responsibility to educators. Don't use sexist language when talking to people, don't post pictures of swimsuit models in your cubicle, don't smack people on the ass, don't tell a subordinate he or she has to put out in order to get a raise, et cetera, et cetera.
In 2008, SB 193 was passed requiring contractors with state contracts to use E-Verify. Georgia SB 529 - Passed in 2006, SB 529 requires public employers, contractors and subcontractors with 500 or more employees to participate in E-Verify for all new employees, effective July 1, 2007.
And when financial mismanagement plagues existing government pension plans, it’s usually you the taxpayer that pays for the bailout.
Ironically, the three states that are the most outspoken about state-mandated retirement plans—California, Illinois, and Oregon—have significant funding issues: It gets worse.
E-Verify is an Internet-based system operated by U. Citizenship and Immigration Services (USCIS) in partnership with the Social Security Administration (SSA).
E-Verify is currently free to employers and is available in all 50 states.