NCPERS Applauds Illinois Senate for Passing Illinois Secure Choice Savings Program, Urges House Lawmakers to Follow Senate's Lead

April 10, 2014

Statement from Executive Director & Counsel, Hank Kim on the Illinois Senate's passage of the Illinois Secure Choice Savings Plan:
     "NCPERS applauds the Illinois Senate for taking action to address a growing crisis in Illinois and throughout the country – the unprecedented retirement savings deficit in the private sector. Senators passed the Illinois Secure Choice Savings Plan, which would create a retirement savings plan for workers at businesses that have more than 25 employees but do not offer a retirement plan. Businesses will be able to participate in the plan with minimal effort. Most importantly, it will not cost the government – or Illinois taxpayers – a dime. ."

Click here to read the rest of the statement.