Illinois Treasurer Mike Frerichs says more than 32,000 people are now participating in the state’s “Secure Choice” retirement savings program.
Frerichs says Secure Choice is wrapping up its first year and is designed for workers that don’t have access to a retirement program.
Nearly 4,700 employers with 25 workers or more are offering the Secure Choice program as required by law.
The default investment for employees is five percent of their paycheck, but that can be raised or lowered or they can opt out altogether.
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