Prescription drug prices are skyrocketing. Medicare spent an extra $110 billion in recent years because drug prices increased faster than inflation. That money could have bought lots of gas and groceries.
To combat a retirement security crisis, state legislators this year passed a bill establishing the Colorado Secure Savings Plan Board, to examine the feasibility of creating a savings program for employees of small businesses that don’t offer 401(k)s.
Men and women across Connecticut work hard to build a secure future for themselves and their families, but too many have no access to workplace retirement saving options. Soon, those employees will have a path to a secure financial retirement through automatic payroll deductions.