It’s National Savings Day – the one day a year set aside to remind us of the importance of saving and reflect on our own savings habits. At AARP, we don’t need a national holiday to remind us just how vital saving for the future is. We know that saving for retirement is one of the most important things you can do for your future, and we work 365 days a year to provide resources to help you plan and grow your savings. But, we can’t do it alone. That’s why this National Savings Day, we are calling on North Carolina lawmakers to create a Work and Save program to make saving for the future easier for everyone.
RALEIGH -- A simple way to start saving for retirement through payroll deductions may soon be a reality for over 1.7 million North Carolina workers who don't have access to pensions and 401Ks. The bi-partisan NC Work and Save bill (HB 899), introduced in the General Assembly in May, creates an easy-to-use, plug-and-play savings proposal requiring little effort or fiduciary responsibility from small businesses that want to offer their workers an important benefit.
At AARP, we are committed to giving you access to the tools and resources you need to effectively manage your money, especially in uncertain times like these.
RALEIGH – When it comes to our retirements. the Department of the State Treasurer is critical because it administers the public employee retirement systems for more than 900,000 North Carolinians, as well as the 401 (k), 457, and 403 (b) supplemental retirement plans for public employees.
RALEIGH -- In the wake of the coronavirus where there is a record number of jobless in the state. There has also been no shortage of questionable debt settlement companies promising to reduce North Carolinians’ debts. Too often, after charging high fees, they only deliver increased debts, collection suits and ruined credit. To help prevent abuses from these companies, legislative action is urgently needed.
BURLINGTON -- For his work to find easier ways for workers to save more of what they earn for retirement, Representative Stephen Ross was presented with an AARP “Super Saver” award at a special presentation made at a monthly meeting of the Triad Retirement Living Association.
The NC House of Representatives is considering Senate Bill 559, which if passed, will raise your electric utility bill for the next five years and could include a new fixed charge for up to 30 years.
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