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Assembly approves bill establishing state-run retirement accounts for all

Assembly approves bill establishing state-run retirement accounts for all

A savings-for-all plan passed the Assembly on Thursday that, if signed into law, will automatically enroll many employees into a state-run individual retirement system. Secure Choice, if implemented, would require employers of five or more people to automatically enroll employees into portable retirement accounts, with an opt-out clause for the individual. Proponents of the measure […]