TAKE ACTION NOW TO HELP NEW JERSEY WORKERS SAVE FOR THEIR
EMPOWER HARD-WORKING NEW JERSEYANS!
Right now, over half of New Jersey’s private sector
workforce – 1.7million workers – do not have a way to save for retirement
through their job. Yet we know that workers are 15 times more likely to save
for retirement if they can do so at work.
While Social Security is a critical piece of the puzzle, it
is not enough to depend on for financial security. The average Social Security
benefit for a 65+ family is only about $19,000 per year, even though older New
Jersey families spend over $23,000 a year on food, utilities and health care
At this rate, one out of every two households won’t be able
to afford their basic needs. AARP wants to change that.
Senate Bill 2891 – the New Jersey Secure Choice Savings
Program Act – would put hard-working New Jersyeans in control of their
future. Secure Choice creates an easy pathway for workers to save out of their
regular paycheck. The professionally managed program would be available to
Garden State workers who don’t currently have access to a retirement savings
plan through their job – and would come at no
ongoing cost to the state.This will
run similar to a 529 college savings plan, and is an easy, stress-free way to
grow savings so you can take control of your future.
The bill is sponsored by State Senators Joseph Lagana and
Troy Singleton. Now it’s time for the rest of their colleagues in the Senate to
support the bill. Please take a moment right now to urge your state senator to
cosponsor the New Jersey Secure Choice Savings Program Act (S2891).
Take action now to help New Jersey workers save for their futures!
Dear Senator [Decision Maker],
New Jerseyans, like all Americans, are facing a retirement crisis. We know that Social Security alone isn't enough to get us through retirement but every day, 1.7 million New Jersey employees go to work without access to a 401(k) or any other way to save for their future on the job.
I'm writing to ask you to cosponsor the Secure Choice Retirement Savings Program Act (S2891) sponsored by Senators Lagana and Singleton. Secure Choice provides an easy, low-cost retirement savings option to help small businesses provide a way for their employees to save. It helps workers grow the savings they need to take control of their future, and helps small businesses to compete with the benefit packages provided by larger employers.Workers who save for retirement rely less on public assistance later in life. In fact, enacting Secure Choice could save New Jersey taxpayers $194 million over the next 10 years. Secure Choice is a common sense solution it's smart for workers, businesses, and New Jersey taxpayers.Secure Choice is a winning solution for all New Jerseyans, so I'm asking you to cosponsor S2891 today.
Sincerely,[Your Name] [Your Address] [City, State ZIP]