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.
RALEIGH – The North Carolina General Assembly passed House Bill 604, a bi-partisan effort to create a Joint Legislative Study Committee on Small Business Retirement Options. The study will help NC lawmakers determine the easiest way for small businesses to offer retirement savings options to their employees.
A law enacted in 2016, with the support of AARP California, established the CalSavers Retirement Savers program. It goes into effect statewide on July 1. Nine other states already have similar programs.
Almost half the people who work for private businesses in the state do not have a retirement savings plan through their employer, according to a 2015 AARP study.
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