The Illinois Secure Choice Savings Program is a program that is offered by the Illinois State Treasurer’s office to meet the requirements of the Illinois Secure Choice Savings Program Act. The program was designed to help encourage people to save money for retirement.
Any employer with 25 or more employees who don’t currently offer a work place retirement savings option have to offer one or they have to enroll in the Illinois Secure Choice Savings program.
Illinois led the charge when it came to the Secure Choice Savings Program according to Treasurer Frerichs.
Illinois Treasurer Michael Frerichs was a guest on the Newstalk WTIM Morning Show.