Tag: state-run retirement plan
An AARP poll taken in Michigan identified widespread approval for the concept of a state-run retirement savings program for workers who lack access to other retirement savings opportunities.
Supporters say the yet-to-be-implemented Secure Choice Savings Program would offer a portable, payroll-deduction retirement savings option to millions of private-sector workers in the state.
Already, state-run plans, PEPs and moves to expand access to SIMPLE plans are making a difference, experts say.
The legislation would require most employers that currently do not offer a retirement plan to offer one.