The State of the Union: 5 Proposals Every Employer Should Know About

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The State of the Union: 5 Proposals Every Employer Should Know About

The State of the Union address is widely viewed as a platform merely for a display of pomp and circumstance. There is an understanding that most of the topics addressed won’t come to fruition based on political pressures and divisions that will make implementation nearly impossible.

While the policy agenda outlined in President Obama’s speech in January of 2015 is likely to follow this same pattern, a mention during the State of the Union does bring additional attention to issues and policies that would otherwise go largely overlooked. For employers, this year’s speech contained a number of bullet points that while they may not become the law of the land, are definitely worth noting.
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MyRA Overview

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MyRA Overview

On January 29th, 2014, President Barack Obama signed a presidential memorandum authorizing the Treasury Department to create a new retirement-savings vehicle aimed at workers who don't have access to traditional retirement accounts, such as 401(k)s. That group includes about half the U.S. workforce.
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