The goal in California, Oregon, Illinois, Maryland, and Connecticut over the next few years is to give nearly every worker the chance to save for retirement at work.

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3 years ago

The Illinois Secure Choice Savings Program Act created the Illinois Secure Choice Savings Program Fund & the Illinois Secure Choice Savings Board. “Secure Choice offers Illinois businesses with at least 25 employees, that have been in business for two or more years, and who do not currently provide a qualified savings plan the option to either offer a private market savings vehicle, or automatically enroll their employees into Secure Choice. Secure Choice participants will be enrolled in a default target date Roth IRA with a default three percent payroll deduction, but could choose to change their contribution level or fund… Read more »