Finances 50+

By John Chiang

SACRAMENTO – Today, AARP applauded the vote on the Assembly Floor (52-26) passing the California Secure Choice Retirement Savings Act (Senate Bill 1234), introduced by Senate President Pro Tem Kevin De León, back to the Senate for concurrence. AARP strongly supports SB 1234, which, if passed out of concurrence and signed by Governor Brown, would create an auto-enrolled, supplemental retirement savings program for more than 7 million private sector workers in California who do not have access to a retirement savings plan through their job.

FOR IMMEDIATE RELEASE

SACRAMENTO – Today, AARP applauded the vote on the Senate Floor passing the California Secure Choice Retirement Savings Act (Senate Bill 1234) introduced by Senate President Pro Tem Kevin De León into the Assembly. AARP strongly supports SB 1234, which, if passed by the legislature and signed by Governor Brown, would create an auto-enrolled, supplemental retirement savings program for more than 7 million private sector workers in California who do not have access to a retirement savings plan through their job.

SACRAMENTO – Today, AARP commended the California State Legislature for their landmark passage of the California Secure Choice Retirement Savings Act (Senate Bill 1234), introduced by Senate President Pro Tem Kevin De León. The bill passed out of Senate concurrence and now awaits signature by California Governor Jerry Brown. If Gov. Brown signs SB1234, it would create an auto-enrolled, supplemental retirement savings program for more than 7 million private sector workers in California who do not have access to a retirement savings plan through their job.

MarylandSaves, a new state program offering automatic payroll deduction for Roth IRAs, launched in September, with the aim of making saving for retirement easier for nearly 1 million Maryland workers.

The Show Me More Savings Act would set up a retirement program for businesses with fewer than 50 employees, so workers could have funds automatically deducted from their paychecks.

AARP Connecticut is very concerned about the health and safety of state residents as we enter the winter months. Many of our members are on moderate, low, or fixed incomes, and they are being hit hard by inflation and the ongoing economic impacts of the pandemic.

At 10 a.m. on Nov. 9, Revenue Committee co-chair Cale Case and State Revenue Department Director Brenda Henson will discuss proposals for property tax relief that are moving to the 2023 Legislative Session during a free webinar.

Older Hoosiers could receive financial help after state lawmakers approved a $200 taxpayer refund.