Submit a Letter of Support: Secure Choice RI - All Rhode Islanders Need Access to a Retirement Savings Plan at Work
Over 172,000 Rhode Island workers do not have access to a retirement savings plan through their employer. Secure Choice would allow more Rhode Islanders to save, improving the long-term financial outlook for themselves and their families. Secure Choice would also lead to millions of dollars in savings to the state due to more people having savings and fewer people having to depend on public assistance programs.
Secure Choice is a state-sponsored retirement savings program that would offer an Auto-IRA (Individual Retirement Account) plan to employees of businesses who do not offer a retirement savings plan. This program is provided at no cost to the employer and is fully portable, meaning it follows you from job to job. Workers are 15 times more likely to save for retirement if it can be done through their employer, 20 times more likely to save if it is done through automatic withdrawal.
Secure Choice is good for all Rhode Islanders. Everyone needs access to a retirement savings plan at work. Secure Choice will provide one at no expense to the employer. In the coming weeks the General Assembly will begin holding hearings on this important bill. It is important that they hear from you!
The Secure Choice Coalition is asking you to email Senate President Ruggerio and Speaker Shekarchi and tell them to bring Secure Choice to a vote!
RECIPIENTS:
- Speaker of the House
- Senate President
