Assembly bill makes enrollment in new worker retirement program automatic
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Kate Bridges, AARP s senior research advisor speaks at the Glen Sanders Mansion in Scotia about retirement issues back in 2015. AARP is putting its support behind an Assembly bill that would amend the state s Secure Choice Savings Program to make enrollment automatic unless and employee opts out. (Skip Dickstein/Times Union)SKIP DICKSTEIN
ALBANY The AARP is putting its support behind a recently passed Assembly bill that would increase the number of private sector employees who participate in the state s new Secure Choice Savings Program.
The program, which has yet to be implemented, offers employees at companies with 10 employees or more that don t offer retirement benefits a way to save for retirement through an IRA through payroll deduction. The new Assembly bill would require that enrollment would be automatic unless an employee opts out.
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