Help Your Employees Save for Retirement

People are 20 times more likely to save for retirement if contributions are automatically deducted from their paychecks. Minnesota’s Secure Choice Retirement Program is a new state-sponsored plan designed to help small businesses offer employees an easy way to save for their future. Set to launch after January 2025, Secure Choice is:

• Easy to administer 
• Zero employer fees 
• No fiduciary responsibility 
• Voluntary for employees 

Join AARP Minnesota and the Minneapolis Regional Chamber for an insightful conversation on Secure Choice. This is a great opportunity to get your questions answered and to learn how Secure Choice can benefit your business and help hard-working Minnesotans build a secure future.

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New Program to Help Minnesotans Save for Retirement

Approved by state lawmakers in 2023, the Minnesota Secure Choice Retirement Program will allow employees who don’t have access to a retirement savings plan, such as a 401(k), at their jobs to contribute to an individual retirement account via automatic payroll deductions.

Minnesota Faces Vast Retirement Savings Deficit

The expectation of a comfortable retirement is no longer a reality for far too many Americans, especially those who work for small businesses. Minnesota is part of a national movement seeking to reverse this trend. AARP Minnesota is calling on lawmakers to pass the MN Secure Choice Retirement Program (HF 782; Becker-Finn /SF 413; Pappas), which allows workers to set aside wages through an easily accessible savings program.