Its goal is to increase retirement savings and reduce poverty among retirees.
Funds contributed are considered private property and not available to the state. The law applies to profit and non-profit employers in Illinois if: Illinois employers already offering an employer-sponsored retirement plan are exempt from the new law.
I would like to thank Umesh for his willingness to publish his article on my site.
I welcome guest post submissions from responsible authors on topics of interest to this blog’s readers.
Program offers automatic defaults for any participants who don’t select investments.