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An increasing number of states are requiring employers to offer a retirement savings program. If a workplace-sponsored retirement plan is not available, employees are encouraged to save for their own retirement by contributing to a state plan. Several states have passed legislation requiring private-sector employers that do not sponsor retirement plans to allow employee payroll contributions to be placed into a state-sponsored individual retirement account (IRA). The plan details vary, but generally, employees are automatically enrolled in the state IRA program at a fixed contribution percentage that may increase over time, although employees can choose to opt out or change their contribution. The International Foundation will keep you up to date on the progress of state-based retirement savings programs.