4 States

— Senate Prepares to Vote on H.J. Resolution 66:  Time to Let States Lead Today, a secure retirement is out of reach for millions of Americans and nearly 800, 000 working Kentuckians. The issue is 55 million Americans don’t have a way to save for retirement at work, even though people are 15 times more likely to save if they can put money aside directly from their regular paycheck. Those who do not save enough for retirement risk becoming dependent on …

retirement savings

— Today AARP Nevada released a new report showing that Nevada could save taxpayers $24,048,204 over the next 15 years by helping people save more of their own money for retirement. AARP is working to create access to private savings vehicles for the 569,332 Nevadans who lack access to a workplace retirement savings plan, like a 401(k), by setting up programs that are similar to 529 college savings plans for retirement “Too many small business employees don’t have a way to …

— Join AARP Colorado for its free Financial Resilience seminar in Fort Lupton on May 15 to discuss how to get the most out of your retirement savings. Whether you are still working, or getting ready to collect Social Security, we introduce you to the tools to help you calculate what you have and what you’ll need. We also help you find real advice about collecting your benefits, how to save more money and how to cut down on unnecessary costs, so you may experience …

—   The U.S. Senate is considering a measure to deny states the flexibility they need to set up retirement savings options if they so choose. House Joint Resolution 66 repeals an important Department of Labor rule providing guidance to states desiring to work with small business owners to set up retirement savings programs for their employees. AARP Idaho will be hosting Idaho Treasurer Ron Crane to discuss this and other important financial topics through Facebook live. This will be an …

— In the next decade as many as 750,000 Minnesotans will reach retirement age.  However, according to a recent AARP Survey, an alarming number of them haven’t saved nearly enough. Approximately half of all workers surveyed expressed worry that they won’t be able to save enough for retirement and 36% reported that they are behind on their retirement savings.  Compounding this problem is the fact that 40% of Minnesota workers – around 1 million people – don’t have access to a …

— Assembly Committee Advances Bill to Help Millions of Working NYers Achieve Middle Class Retirement; Surveys: Overwhelming Support in NYS, Nationally ALBANY, N.Y. – AARP New York applauded today’s vote by the State Assembly Government Employees Committee to advance “Secure Choice” legislation but called on state leaders to include the state-facilitated workplace retirement savings option in the state budget for the fiscal year that begins next month – and help millions of working New Yorkers start saving for their retirement. “Any …

— FOR IMMEDIATE RELEASE March 16, 2017 CONTACT:  AARP Media Relations, 202-434-2560, media@aarp.org, @AARP Media Washington, DC – A new AARP survey shows that an overwhelming percentage (84 percent) of American private sector workers “strongly or somewhat agree” that officials should back legislation to enable workers “to save their own money for retirement.” The survey of nearly 4,000 workers aged 18 to 64 included a significant oversampling of African Americans, Latinos/as and Asian Americans.  The survey finds strong backing across all …

— A new AARP survey shows that an overwhelming percentage (84 percent) of American private sector workers “strongly or somewhat agree” that officials should back legislation to enable workers “to save their own money for retirement.” The study of nearly 4,000 workers aged 18 to 64 included a significant oversampling of African Americans, Latinos/as and Asian Americans.  The survey finds strong backing across all races, ethnicities and political ideologies for elected officials to clear the way for employee savings initiatives. The total …

— Crisis Will Only Get Worse if Not Addressed in Final 2017-18 Budget ALBANY, N.Y. – Although over half of all private sector employees in New York – more than 3.5 million New Yorkers – lack access to a pension or 401(k) at work, Governor Andrew Cuomo and state lawmakers have failed to include a state-facilitated workplace retirement savings option in their 2017-18 state budget proposals. The Senate and Assembly released their “one-house” budget proposals this week; the Governor released his …

—   DATE: March 14, 2017 FOR IMMEDIATE RELEASE: Contact:      Jane Margesson, AARP Maine Communications Director (207) 229-5628 or jmargesson@aarp.org                  University of Maine, AARP Maine Report on Fiscal Impact of Insufficient Retirement Savings Improved Retirement Savings for Workers Could Save the State $15.6 Million by 2032   PORTLAND: New research by the University of Maine commissioned by AARP Maine reveals the fiscal impact of inadequate retirement savings in the state.  “The Fiscal Implications …