auto ira

Senator Daniel Biss Talks About Secure Choice Savings Program (ABC-3 WSIL)

Senator Biss is traveling the state to talk about senate bill 2758.

The bill focuses on fixing the retirement savings crisis in the private sector and keeping many retirees from depending only on social security.

The idea is to give private sector workers a safe, affordable way to save their own money for retirement, through the companies where they work.

To read more about SB 2758, click here.

 

Illinois Senate Votes for the Illinois Secure Choice Savings Program

Contact: Courtney Eccles, ceccles@woodstockinst.org, (262) 352-3185.

Chicago, IL —On a vote of 31 to 22, the Illinois Secure Choice Program (SB2758) passed out of the Illinois Senate today. The bill will give millions of private sector workers the opportunity to save their own money for retirement by expanding access to employment-based retirement savings accounts.

Our Opinion: Clear the way for easy retirement saving for all Illinoisans (Springfield State Journal-Register)

It’s a byproduct of living in the Illinois capital, where local and state governments employ more than 25,000 workers — many of whom will retire with some kind of a pension. Thousands of other workers will retire from local private-industry jobs with pensions or retirement savings, too.

But Springfield also is home to thousands of low-wage workers who live paycheck to paycheck now, and probably will in their retirement years, too, because they did not or could not squirrel away money for a far-off rainy day.

Honoring a champion for retirement security

Written by Dan Fair on March 26, 2014 - 6:00am
Senator Biss

A 2012 Woodstock report found that more than half of private-sector workers in Illinois—over 2.5 million—lack access to an employment-based retirement savings plan. Without individual savings, many retirees who rely solely on Social Security benefits will face the prospect of retiring into poverty.

Senate Committee Votes for the Illinois Secure Choice Savings Program

Chicago, IL — On a vote of nine to five, and one Senator voting "present," the Illinois Secure Choice Program (SB2758) passed out of the Illinois Senate Executive Committee today. The bill will give millions of private-sector workers the opportunity to save their own money for retirement by expanding access to employment-based retirement savings.

State and National Efforts Underway to Address Growing Retirement Insecurity

The situation at the national level is equally grim. A recent report shows that the median household retirement savings is only $3,000, and more than a quarter of current retirees rely on Social Security as their sole source of retirement income. Without policy solutions that increase savings access and make saving easy, many workers will retire into a significantly reduced standard of living or poverty.

Clinton Global Initiative Announces Woodstock Institute CGI Commitment to Action

Written by Dan Fair on June 14, 2013 - 8:00am

CGI is an initiative of the Clinton Foundation founded by former President Bill Clinton to “turn ideas into action.” The Commitment to Action represents the key feature of the Initiative, lending the Foundation’s name to build awareness, identify partners, and share results for ideas that address some of the world’s biggest problems in a new way.

Coming Up Short: The Scope of Retirement Insecurity Among Illinois Workers

 
The negative impact of the lack of adequate retirement savings will fall not only on the individual workers involved; it will also have adverse impacts on the rest of the economy.
 
One of the principal sources of investment capital for the private sector will shrink, and the public sector will face increasing dem
Subscribe to auto ira