Alaska Needs Workplace Retirement Savings Access for All Workers!

Today, a secure retirement is out of reach for nearly half of Alaskan workers, especially those who work for themselves or for small businesses that don't provide a workplace retirement savings plan because of high costs and complex administration.

Americans are 15 times more likely to save for the future if they can do so out of their regular paycheck. Only 5% of people save for retirement on their own without a workplace savings option. Without a way for workers to save on the job, they may face retirement with Social Security as their only source of income, leaving them unable to afford basic needs in retirement and more likely to rely on public benefits like Medicaid and SNAP.

How can we make it easier for businesses to offer employees a way to save so they can take control of their future? The answer is simple – Alaska Work and Save, legislation being considered in Juneau that is supported by AARP and seven in ten small businesses surveyed.

Tell legislators to pass Alaska Work and Save!

Retirement security should be within reach for all Alaskans. I support passing Alaska Work and Save legislation to enact a statewide ready-to-go, no-cost retirement savings program for employees of small businesses. Let's help the generations of tomorrow invest in their future today.

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