From the Illinois Asset Building Group — August 16, 2018
We are facing a national retirement savings crisis. Increasingly, older adults do not have enough savings to meet their basic needs in retirement, and younger adults do not have the money or the tools to build retirement savings. Here in Illinois, over 2.5 million workers in Illinois lack access to an employment-based retirement plan, an important tool to build wealth.
IABG led the campaign to address this crisis, and with the help of our partners, Illinois became the first state to enact Secure Choice legislation in 2015. This legislation creates a program that will automatically enroll workers at qualifying businesses in a retirement plan, and we are excited to see it come to life as it rolls out this year.
Read the entire article from the Illinois Asset Building Group.
