32,000 Illinoisans save $8.5 million
Illinois Treasurer Michael Frerichs on Monday continued to promote a new state program which he says is a first step to alleviating a nationwide “retirement crisis.”
At a Chicago news conference, Frerichs said more than 32,000 Illinoisans have saved more than $8.5 million for their retirement as part of Illinois Secure Choice, a program created by state law in 2015 and implemented in the past year.
That number marks an increase of more than 8,000 people enrolled in the savings plan since Capitol News Illinois covered the program in September, with a $3.5 million increase in savings occurring over that span as well.
“The program makes it easy to save by offering a default investment option that can move with the worker from job to job,” Frerichs said.
Read more: https://www.sj-r.com/news/20191118/32000-illinoisans-save-85-million
(Springfield State Journal Register)