January 7, 2015
The Illinois Secure Choice Savings Program signed into law by Ill. Gov. Quinn program establishes the option of an individual retirement plan for more than two million Illinois private sector employees who currently do not have access to any retirement plan at work. According to The Sargent Shriver Center on Poverty Law, Illinois joins Massachusetts, Connecticut, Minnesota, California, Maryland, and Oregon as states that offer similar retirement assistance programs.
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Law Signed Securing Retirement Option for Workers Across Illinois
On Jan. 4, Ill. Gov. Pat Quinn signed Senate Bill 2758 (SB 2758) to create the Illinois Secure Choice Savings Program. The program establishes the option of an individual retirement plan for more than two million Illinois private sector employees who currently do not have access to any retirement plan at work.