A Real Solution for the Future
Tuesday, May 27, 2014
[The following is a paid advertisement.]
Illinois faces a retirement crisis. Over 2.5 million private sector workers in Illinois have no access to a retirement plan through their employer.
The question is not how to deal with the retirement crisis, but how and when…
The Secure Choice Savings Program (SB2758) is the how, and immediately is the when.
Senate Bill 2758 is a commonsense bill designed to give millions of private sector workers the choice to save for retirement through automatic payroll deductions into a Roth IRA, and the provides the opportunity for financial independence.
Without Secure Choice, Illinoisans will continue to rely on social security alone and continue to retire into poverty, placing an increasing burden on the State and taxpayers. Amongst African Americans, Latinos and low-wage workers, the need for Secure Choice is even greater.
Secure Choice is a bipartisan effort that strengthens the Illinois economy for everyone.
“I support Senate Bill 2758 because it is an innovative private sector focused option that will encourage long-term savings by individuals. People will have additional retirement security and the overall economy will benefit from the pool of capital created by additional savings,”
“It is a startling fact that the typical household of color has nothing saved in a retirement account, but Secure Choice opens up access to a secure and affordable employment-based retirement savings opportunity from which minority communities have been historically excluded,”