•November 18, 2015• U.S. Secretary of Labor Thomas E. Perez and Illinois State Treasurer Michael Frerichs on Monday announced sweeping new rules outlining the path forward for state-sponsored retirement savings initiatives. Secretary Perez and Treasurer Frerichs listened to leaders who worry that the looming retirement savings crisis will have a profound impact on lower-income workers’ quality of life in retirement and become an untenable burden on states. The Department of Labor’s proposed rules will dismantle barriers for state-based solutions to the retirement savings crisis, including Illinois’ Secure Choice Retirement Savings Program. Already, 26 states, including Illinois have taken some type … Read More
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