On May 18, 2015, Washington became the 4th state to enact a law to provide private sector workers with new options for retirement savings. These state efforts continue to gain significant momentum.
Illinois enacted its Secure Choice retirement savings plan in January 2015, joining Massachusetts and California already working on implementing their own distinct programs. Utah and Virginia passed laws in March 2015, joining states, such as Connecticut, studying plan design options.
Several other states, including Oregon, have issued a Task Force report and introduced legislation in 2015. Since 2012, at least 24 states have considered proposals to study or establish state sponsored plans.
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We applaud the swift passage of this historic legislation and will continue to advocate for investments in the care economy