Lawmakers passed legislation to create a state-facilitated program that will make saving for retirement easy for an estimated 800,000 workers. It is set to take effect by July 2023. Eligible workers at companies with 25 or more employees can opt to have money taken out of their paychecks and directly deposited into a retirement account.
When the Virginia General Assembly returns to work on Wednesday, AARP volunteers will ask lawmakers for legislation to help workers save for retirement, require prescription drug price transparency, and overhaul oversight of the state’s long-term care facilities.
VIRGINIA VOTERS WORRIED ABOUT RETIREMENT, SUPPORT LEGISLATORS CREATING A PUBLIC-PRIVATE RETIREMENT SAVINGS PLAN
RICHMOND _ On Friday, February 9, 2018 the Virginia House of Delegates passed legislation H.J. 103 that could help more Virginians save for retirement, this bill will now go to the Senate. An AARP survey reveals that many voters in the Commonwealth are extremely worried about their ability to build nest eggs and believe lawmakers should support the creation of a Virginia Public-Private Retirement Savings Plan.
AARP TO GENERAL ASSEMBLY: INCREASE ACCESS TO HEALTH CARE, IMPROVE LONG-TERM CARE, AND HELP WORKERS SAVE FOR RETIREMENT
RICHMOND _ AARP volunteers head to the Virginia General Assembly on Wednesday to ask legislators to improve programs that help Virginians who need health care coverage and those in long-term care facilities, as well as to create a program to help workers save for retirement.
When the Virginia General Assembly comes to town Jan. 11 for its 2017 session, AARP will be advocating to ensure that more Virginians have access to a retirement account at work.
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