In the face of the pandemic, now more than ever, the state budget is vital to the interests of our members and all New Jerseyans. This budget will help all New Jerseyans have a brighter and more secure financial future.
Secure Choice is a workplace retirement savings option that could help millions of working New Yorkers save for their futures on the job through portable, payroll-deduction Individual Retirement Accounts (IRAs). The program was enacted into law as part of the 2018-19 New York State Budget and is still in the process of being implemented.
Lawmakers passed legislation to create a state-facilitated program that will make saving for retirement easy for an estimated 800,000 workers. It is set to take effect by July 2023. Eligible workers at companies with 25 or more employees can opt to have money taken out of their paychecks and directly deposited into a retirement account.
16 Groups Sign Letter to Leader Stewart-Cousins Calling on ‘Secure Choice’ to be Automatic for Private Sector Workers Who Lack Access to Workplace Option
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.
The manufacturing industry is booming in Connecticut and opening doors to opportunities for a new workforce as well as those with experience. The growing demand for skilled workers to meet the needs of the state’s resurgent manufacturing industry – estimated at 25,000 to 35,000 positions in the next two decades – is outpacing supply and has created an increasing need for instructors at colleges and pipeline programs across Connecticut.