Retirement Security Matters: February 25, 2021
You, my friend, are making it through the wintry month of February. #Welldone! We have some distractions for you today. Enjoy away!
What’s on deck today? We think you’ll like these:
Treasurer Michael Frerichs talks Illinois Secure Choice
State programs serve more than 275,000 savers
Fresh news from Oregon, Colorado, Vermont, Connecticut, Illinois, Virginia and Idaho
Grant Sez: Let’s consider the Employer Mandate
Super Hot Sauce … new research from NBER and NIRS
And, you got it, Pix of the Week!
Illinois Secure Choice: Two Years Young
As Treasurer, Michael Frerichs has focused on getting money back into the hands of people to whom it belongs – by securing uncashed rebate checks and unpaid policyholder death benefits, and through the state’s unclaimed property program, I-Cash. He’s also helping Illinoisans get access to retirement savings opportunities at work through the groundbreaking Illinois Secure Choice program. Illinois Secure Choice opened up on a statewide basis in 2018. Join us as we talk about those exciting first two years.
Grant’s Go-To’s: Considering the Employer Mandate
One of the key decisions in the development of a state-facilitated retirement savings program is whether to require employers to participate if they don’t already have some type of qualifying plan available for their employees. Making a program voluntary for employers can look like the easier path to legislative success. On the other hand, employer-voluntary approaches have so far shown limited uptake and use.