AARP Kansas is pressing state lawmakers to introduce a bill in 2017 that could help more private-sector workers save for retirement. The proposal, called “work and save,” would create a payroll-deduction plan that small businesses could offer to their workers. Participation would be voluntary for both employers and employees, and the plan would be portable when a worker changes jobs.
A new survey of small business owners in Connecticut shows significant support for a public retirement savings plan that would encourage more people to save for their future and give small businesses a competitive edge in the marketplace.
AARP advocates will testify at state budget hearings this spring to show support for family caregivers, encourage coverage of the uninsured and promote retirement savings.
AARP Utah unveiled a statewide survey that showed a growing concern over retirement savings in the state. The survey, Making Retirement a Reality: Helping Utahns Age 25-64 Save and Take Control of Their Future, engaged 1,000 Utahns age 25-64 and found that 85 percent wish they were able to save more money for retirement and 77 percent support the idea of a state-created retirement plan for those who lack access at their place of work. One in six of those surveyed has less than $5000 in savings. Currently in Utah, 53 percent of private sector workers  – and 21 percent of those surveyed -- do not have access to a retirement savings plan at their place of work. The results were presented during AARP Utah’s Democracy Day event at the Utah State Capitol on February 12.
AARP Connecticut released the following statement from State Director Nora Duncan regarding passage of the CT SFY 2014 Budget and Implementer Bill:
AARP Illinois is backing legislation that would require companies that have been in business at least two years and have more than 10 employees to establish an automatic IRA. Employees would be enrolled in the IRA unless they choose to opt out. Businesses would not be required to make matching contributions.
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