IL Secure Choice Savings Program for Retirement

January 6, 2015 at 12:24 pm Leave a comment

The Chicago Sun-Times ran an article, “Gov. Quinn Signs Retirement Savings Bill” by Jon Seidel, located at http://chicago.suntimes.com/politics/7/71/260522/quinn-signs-retirement-savings-bill/. The article discusses the bill that creates the Illinois Secure Choice Savings Program as a way of establishing additional retirement savings. The plan is aimed at employers that do not have retirement plans. Employees may, and are not required, to opt to contribute 3% of income per payroll deduction. There are not a lot of specifics in the article regarding how it would operate, but it is an interesting attempt at providing additional retirement funding.

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Christine Gurney

A pension professional who shares her thoughts and ideas about the pension world for industry members and anyone else interested.

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