Illinois Secure Choice Retirement Plan Could Face Legal Challenge

At least one industry association is considering litigation against Illinois as the state pushes forward with its Secure Choice retirement savings program, which imposes new payroll and reporting duties on all but the smallest employers.

Other legal challenges to Secure Choice could follow when the program launches Nov. 1, sources told Bloomberg Law.

Libertarian and anti-tax advocacy organizations challenged a similar retirement program in California, suspicious of safety net programs administered by the state. And some employer groups are uneasy with compliance burdens and program features that potentially conflict with the Employee Retirement Income Security Act. Last year, President Donald ...