National Conference on Public Employee Retirement Systems

The Voice for Public Pensions

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.