In early 2018, Illinois will launch a pilot for Illinois Secure Choice, a state-sponsored retirement program. This new, simple way to save for retirement provides a Roth Individual Retirement Arrangement (IRA) to those employees who do not have access to a retirement savings plan through work. Illinois Secure Choice is estimated to help 1.2 million workers in Illinois save for their future retirement1.
By joining the pilot program, you’ll lead the way for all eligible employers in Illinois. In addition to being the first to offer this benefit to your employees, you’ll also provide feedback to help improve the program.
1Center for Retirement Research at Boston College, Feasibility Study: Illinois Secure Choice, March 2017