Put a Secure Future within Everyone's Reach

Nearly half of Colorado’s private sector workforce does not have a way to save for retirement at work, putting them at risk of not even being able to afford everyday expenses like food and healthcare.

It doesn’t have to be this way! Right now, our state legislators are considering Senate Bill 20-200 to create the Colorado Secure Savings Program to put a more secure future within everyone’s reach.

The Colorado Secure Savings Program provides an easy, low-cost retirement savings option for businesses that do not currently offer a workplace savings plan and ensures that employees have the chance to set aside money out of their regular paycheck. Employees have full control over if they want to participate, how much they want to put away, and what they want to invest in. In addition, employee retirement savings are portable, allowing the account to follow workers even if they change jobs.

We need to act now to help people save for retirement, or it will cost taxpayers a lot later on. Research shows that Colorado taxpayers could save up to $32.7 million on social programs over the next 10 years by helping Colorado residents save for the future now.

There is a cost to doing nothing. Tell your state officials to pass the Colorado Secure Savings Program now to put a secure future within everyone’s reach.

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Support Colorado Secure Savings Program

Dear [Decision Maker],

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Today, a secure retirement is out of reach for about half of Colorado's private sector workers, especially those who work for themselves or small businesses. Fewer and fewer people have a pension plan and too many workers in Colorado have no access to a 401K, or other ways to save for retirement at work. That's especially alarming as employees are 15 times more likely to save for their future if they can save through payroll deduction, and 20 times more likely to save through automatic enrollment.

How can we make it easier for Colorado workers to save? The answer is simple. Colorado Secure Savings Program is modeled after a successful program in Oregon. In just over two years, OregonSaves has nearly 60,000 workers enrolled and $42 million in assets.

The Colorado Legislature must take the first steps to establish a Colorado Secure Savings program.

By giving employees the option to save privately and automatically from their regular paycheck, workers have more control over their financial future, and helping people to save for their own retirement could save Colorado up to $32.7 million on public assistance over the next 10 years.

Small businesses overwhelmingly support this program because it helps them access a low-cost, plug-and-play retirement option, which can help them hire and keep valuable employees. Colorado Secure Savings Program is a win for small businesses, workers and Colorado residents, and it's just the type of innovative solution we need.

Please pass Colorado Secure Savings Program (SB 20-200) so employees of all ages can grow retirement savings.

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