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Delaware lawmakers propose private-sector auto-IRA progam


Delaware lawmakers propose private-sector auto-IRA progam
The Delaware state flag
A private-sector auto-IRA bill introduced in Delaware s House of Representatives proposes the establishment of a retirement-savings program for workers in the state who currently have no access to an employer-sponsored plan.
The bill, HB 205, establishes the Delaware Expanding Access for Retirement and Necessary Savings program, which would allow small businesses with five or more employees who currently do not have a retirement program to enroll in this state-sponsored retirement program.
Workers with participating employers would then be automatically enrolled in the program.
If the past year has taught us anything, it s that the future is unpredictable, said Colleen Davis, Delaware state treasurer, in a news release Thursday. I want to do everything I can to help Delawareans make retirement more secure without putting undue burden on employers. ....

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