Retirement Security Accounts: Making it easy to save for retirement

The proposal for Washington Voluntary Accounts (WVAs) offers an easy mechanism for individuals to save for retirement. WVAs directly address the importance of a retirement program for about half of all workers who do not have a retirement savings plan in their workplace.

  • Social Security provides a foundation for retirement, but Social Security alone is not enough for a comfortable retirement.
  • Too many workers do not have access to a systematic retirement savings program in their workplace.
  • Retirement savings are an important component for the long-term financial security of individuals and families.
  • Existing options have high barriers for small businesses and lower-income workers.

Washington Voluntary Accounts enables individuals to invest in their future through a portable, voluntary, defined-contribution plan. The Washington State Legislature has the opportunity to enact WVAs in 2005.

  • Leave a Reply

Your email address will not be published.

More To Read

June 30, 2022

Winning Equitable Paid Family and Medical Leave for All Washington Families

Family isn't one-size-fits-all - work-family laws shouldn't be either

June 24, 2022

EOI Reacts to SCOTUS Overturning Roe v. Wade

The fight for reproductive rights is far from over