On May 18, 2015, Washington became the 4th state to enact a law to provide private sector workers with new options for retirement savings. These state efforts continue to gain significant momentum.
Illinois enacted its Secure Choice retirement savings plan in January 2015, joining Massachusetts and California already working on implementing their own distinct programs. Utah and Virginia passed laws in March 2015, joining states, such as Connecticut, studying plan design options.
Several other states, including Oregon, have issued a Task Force report and introduced legislation in 2015. Since 2012, at least 24 states have considered proposals to study or establish state sponsored plans.
[Via Georgetown Center for Retirement Initiatives]
More To Read
September 6, 2024
Tax Loopholes for Big Tech Are Costing Washington Families
Subsidies for big corporations in our tax code come at a cost for college students and their families
July 31, 2024
News from the Road: EOI’s summer policy road trip continues
We're working to understand the issues that matter to Washingtonians
July 31, 2024
New poll in Washington finds people struggling with health care costs at an alarming rate
More than half (57%) of respondents have avoided seeking medical treatment or modified their use of prescriptions in the last year due to the cost