New York gives the green light to retirement plan for workers without one

* Map doesn’t reflect legislation introduced in 2018 in some states including Michigan, New Hampshire and Wyoming.

In Oregon, officials began rolling out the OregonSaves program in phases last year. In contrast to the New York plan, employees in Oregon are automatically enrolled, with 5 percent of their paycheck going into a Roth IRA. Workers can adjust their withholding rate or opt out of the program altogether.

So far, 436 companies have registered through OregonSaves, covering more than 35,800 eligible employees. Of those workers, about 7,400 (about 21 percent) have chosen not to participate. The remainder have invested $1.6 million in assets through the program thus far.

Other states — including Illinois, Connecticut and California — are in various stages of implementing similar strategies.

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