Nevada is the Fifth State to Join the Partnership for a Dignified Retirement
April 30, 2025 (DENVER) - Colorado State Treasurer Dave Young announced that Nevada’s state-facilitated retirement program has entered the Partnership for a Dignified Retirement, an interstate consortium of public auto-IRA plans founded by the Colorado Department of the Treasury.
“With the success of Colorado SecureSavings and similar programs across the country, the growth of the Partnership for a Dignified Retirement represents the next breakthrough in expanding low-cost, portable retirement savings opportunities for private sector workers,” said Treasurer Young. "We are thrilled to welcome Nevada to the consortium and look forward to working with additional states in the coming months."
Nevada joins Colorado, Maine, Delaware, and Vermont to become the fifth state in the Partnership for a Dignified Retirement. Collectively, the consortium has amassed almost $130 million in assets under management.
“As Chair of the Board of Trustees for the Nevada Employee Savings Trust, I am honored to join Colorado and the Partnership for a Dignified Retirement to help Nevadans prepare to save for retirement," said Nevada State Treasurer Zach Conine. “By working collaboratively, we can strengthen financial resilience within our respective programs to ensure that workers—especially those that have traditionally lacked access to retirement savings—have the tools they need to plan for their future.”
The Partnership for a Dignified Retirement builds on the success of ColoradoSecureSavings, one of the country’s first state-facilitated, auto-IRA programs for workers without an employer-sponsored plan. In just over two years of operation, Colorado SecureSavings boasts more than 76,000 savers and 17,000 participating companies representing all 64 counties in Colorado.
The Nevada state legislature passed Senate Bill 305 in 2023 to create the Nevada Employee Savings Trust (NEST) Program. By joining the Partnership for a Dignified Retirement, Nevada will leverage the Colorado SecureSavings Program’s proven model while taking advantage of lower plan fees.
The retirement programs provide Roth IRA plans that benefit from compound interest, allowing retirement funds to grow faster over time. Vestwell, in partnership with BNY Mellon, serves as the program administrator, providing recordkeeping, custodial, and administrative services for employers and employees in participating partner states.
“We’re proud to welcome Nevada as the latest state to launch a retirement savings program,” said Douglas Magnolia, President of Vestwell State Savings. “Through this forward-thinking partnership, Nevada joins Colorado, as well as Maine, Delaware, and Vermont, in expanding access to retirement savings while setting a new precedent for interstate collaboration. It’s a significant step toward closing the savings gap and creating a more financially secure future for workers who’ve historically been left out of the system. This launch is proof that when states come together, impact follows.”
For more information on Colorado SecureSavings, visit the program website. To learn more about the Nevada Employee Savings Trust, visit the Nevada Treasury’s website.
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About the Colorado Department of the Treasury
The Colorado Department of the Treasury is the constitutional guardian of the public’s funds. It is the Treasury’s duty to manage and account for the taxpayers’ dollars from the time they are received until the time they are disbursed. The Treasury’s staff is committed to safeguarding and managing the people’s monies with the same diligence and care as they do their own. For more information, visit colorado.gov/treasury.
About the Nevada Treasury
The Nevada Treasury is responsible for several critical State functions, including State banking, and transaction management; investment and debt portfolio management; collecting and returning unclaimed property; and administering a number of financial security, college savings and scholarship programs. The State Treasurer is elected by the people to a four-year term. Zach Conine is the current State Treasurer.