— By Laura Mecoy Michael Achkar thought he had the perfect solution when he built a small house for his father in the backyard of his Capitola home. Then Achkar encountered one of the many challenges Californians face as the state seeks to expand housing: Connecting the separate unit to a water supply would cost more than $24,000 for fees and the installation of a new meter—requirements of his local water district, which has serious supply issues. Because of the high …

— 69% of companies that don’t offer a plan say cost is a concern; “Secure Choice” would afford them a state-facilitated option Nearly three quarters of New York small businesses that don’t offer their employees a retirement savings plan would likely do so if a state-facilitated option existed, according to a new survey commissioned by AARP. More than half of New York’s private sector workforce – over 3.5 million New Yorkers – lack access to a retirement savings plan such as …

— By Rita Beamish Patricia A. Gonzalez-Portillo loves her California life, her friends and her home in Long Beach. But at 51, working as a national director for a nonprofit and married to a video-industry entrepreneur, she knows that finances ultimately will force them to leave and retire in Texas. Gonzalez-Portillo would rather stay, but Alan, her 15-year-old son, is bound for college in a couple of years. With a mortgage, the boy’s tuition at a private high school and other …

— Fail to Address Retirement Savings Crisis, Woefully Underfund Services to Help Older NYers Age in Own Homes and Support Family Caregivers ALBANY, N.Y. – Although the new state budget is being touted as a boon to New York’s middle class, AARP says the 2017-18 spending plan fails to address two critical middle class issues: the growing retirement savings crisis and older New Yorkers’ ability to age in their own homes. Over half of all private sector employees in New York …

— In the next decade as many as 750,000 Minnesotans will reach retirement age.  However, according to a recent AARP Survey, an alarming number of them haven’t saved nearly enough. Approximately half of all workers surveyed expressed worry that they won’t be able to save enough for retirement and 36% reported that they are behind on their retirement savings.  Compounding this problem is the fact that 40% of Minnesota workers – around 1 million people – don’t have access to a …

— Assembly Committee Advances Bill to Help Millions of Working NYers Achieve Middle Class Retirement; Surveys: Overwhelming Support in NYS, Nationally ALBANY, N.Y. – AARP New York applauded today’s vote by the State Assembly Government Employees Committee to advance “Secure Choice” legislation but called on state leaders to include the state-facilitated workplace retirement savings option in the state budget for the fiscal year that begins next month – and help millions of working New Yorkers start saving for their retirement. “Any …

— Crisis Will Only Get Worse if Not Addressed in Final 2017-18 Budget ALBANY, N.Y. – Although over half of all private sector employees in New York – more than 3.5 million New Yorkers – lack access to a pension or 401(k) at work, Governor Andrew Cuomo and state lawmakers have failed to include a state-facilitated workplace retirement savings option in their 2017-18 state budget proposals. The Senate and Assembly released their “one-house” budget proposals this week; the Governor released his …

— 4/5 of NY Small Businesses Want State to Act; Bipartisan Backing ALBANY, N.Y. – AARP today delivered 10,000 petitions from New Yorkers across the state to Governor Andrew Cuomo and legislative leaders asking them to include a state-facilitated workplace retirement savings option in the final 2017-18 state budget due by the end of this month. The petitions urge the Governor and lawmakers to incorporate “Secure Choice” legislation – which has bipartisan support in both houses – into the final spending …

— About 7.5 million Californians whose employers do not offer a retirement savings plan will soon have a way to save for retirement through payroll deductions. Signed into law in September by Gov. Jerry Brown (D), the Secure Choice program requires employers with five or more employees either to sponsor a retirement savings plan or to automatically enroll their workers in a new state-created plan. The employer mandate will be phased in over a three-year period. AARP California backed the legislation …

— Legislators Stand with AARP Volunteers from Brookhaven to Buffalo on Key Economic Security, Dignity Issues ALBANY, N.Y. –Urging better economic security and more dignity for New York’s 50+, AARP volunteers from every corner of the state came to the state Capitol today and lobbied their legislators to include three key measures in the 2017-18 state budget: The Secure Choice state–facilitated workplace retirement savings option for millions of private sector employees who can no longer get a pension or 401(k) from …