Chip Morton

Retirement savings
3:18 pm
Thu May 22, 2014

House Advances Retirement Savings Legislation

Credit Brian Mackey/WUIS

  The Illinois House is advancing legislation intended to get more people saving for retirement. Advocates say "nudging" workers into a savings program could help keep them out of poverty in retirement.

The so-called Secure Choice retirement savings program is an idea of the conservative Heritage Foundation. The plan would require all companies with more than 25 employees to automatically enroll workers in a state-supervised retirement program.

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