The Illinois Secure Choice Savings Program Passes!

On December 3, 2014 – the Illinois General Assembly passed Senate Bill 2758 – the Illinois Secure Choice Savings Program.  The bill was signed into law by Governor Pat Quinn on January 4, 2015.  Now, over 2 million Illinoisans who do not currently have access to a retirement savings plan at work will be able to save for their futures through an employment-based Individual Retirement Account (IRA).

The Illinois Secure Choice Savings Program provides small businesses (with 25 or more employees that have been in business over two years) the ability to provide a basic retirement savings option for their employees without having to sponsor a plan.  Through voluntary retirement accounts, the program promotes self-reliance and empowers workers to save for their own retirement.  Small businesses also gain a competitive edge in the hiring marketplace by being able to offer a retirement plan to prospective employees.

AARP applauds those legislators who voted "yes" on the bill.  Click here to see how your Senator voted and here to see how your Representative voted! 

AARP will monitor developments related to the implementation of the Illinois Secure Choice Savings Program on an ongoing basis. 

The Illinois Secure Choice Savings Program was supported by AARP Illinois, Small Business Majority, the Shriver Center, the Woodstock Institute, Heartland Alliance, SEIU Illinois/Indiana and over 45 other businesses, associations and advocacy groups.  

Recipients

  • Targeted recipients based on your address

Contact

*Required fields
 
 

Message

Thank you for your support on SB2758

Dear [Decision Maker],

I am writing to say thank you for your support of Senate Bill 2758 - the Illinois Secure Choice Savings Program. Thanks to you, over 2 million private sector workers in Illinois will soon have access to a retirement savings account through work.



The Illinois Secure Choice Savings Program is good for small businesses and good for Illinois workers. I appreciate your support of a commonsense solution that will help put more Illinois workers on track toward a secure retirement. Thank you for voting yes on Senate Bill 2758!

Sincerely,
[Your Name]
[Your Address]
[City, State ZIP]