More than half of private-sector employees in Utah don’t have access to a retirement savings plan at work, and many reach retirement age without enough savings. That’s why AARP Utah is working with lawmakers and business and labor groups to draft a Work and Save bill. If passed, the legislation would create a state-facilitated retirement savings plan to help such workers prepare for the future.
Among Utahns retiring in the next 15 years, nearly 1 in 5 will have more debt than accessible cash and savings. In a recent AARP survey, 3 in 4 Utahns ages 25-64 expressed support for a state-facilitated retirement savings plan.
AARP Utah is asking members to urge their legislators to support the Work and Save bill. For contact information, go to utah.gov/government/legislative.html and click on Find Your Legislator.