More than 200,000 Delaware workers currently lack access to an employer-sponsored retirement program, meaning they have no effective way to save for the future. Bi-partisan legislation introduced in the Delaware
More than 200,000 Delaware workers currently lack access to an employer-sponsored retirement program, meaning they have no effective way to save for the future. Bipartisan legislation introduced in the Delaware House of Representatives creating the.
Delaware lawmakers propose private-sector auto-IRA progam
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A private-sector auto-IRA bill introduced in Delaware s House of Representatives proposes the establishment of a retirement-savings program for workers in the state who currently have no access to an employer-sponsored plan.
The bill, HB 205, establishes the Delaware Expanding Access for Retirement and Necessary Savings program, which would allow small businesses with five or more employees who currently do not have a retirement program to enroll in this state-sponsored retirement program.
Workers with participating employers would then be automatically enrolled in the program. If the past year has taught us anything, it s that the future is unpredictable, said Colleen Davis, Delaware state treasurer, in a news release Thursday. I want to do everything I can to help Delawareans make retirement more secure without putting undue burden on employers.
State Treasurer Colleen Davis Brings Forth Landmark Retirement Program for Delaware delaware.gov - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from delaware.gov Daily Mail and Mail on Sunday newspapers.