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Retirement security

Small Business Majority Supports Colorado's Secure Choice Retirement Program

Small Business Majority Colorado Outreach Manager Hunter Railey testified in support of legislation that would create a Secure Choice Retirement Savings Program. Such a program would allow small business owners and employees to have access to a publicly-adminstered retirement savings program without encumbering the adminstrative and cost burdens of such programs. 

Colorado Small Business Owner Submits Testimony in Support of Secure Choice Retirement Programs

Kelli Riley, owner of Riley Law, LLC, submitted written testimony in support of legislation pending in Colorado that would create a Secure Choice Retirement Savings Program. Ms. Riley's testimony discussed how difficult it is for small businesses to compete with the benefits packages of larger employers, and how a Secure Choice program in Colorado could help her company compete for top talent. 

Congress shouldn’t retire a rule that helps small businesses provide for their employees’ golden years

When it comes to employee benefits, the difference between working for a small business and a large corporation can be the difference between eating at a buffet and dining a la carte: neither are bad options, but one usually offers more choices than the other. Unfortunately, far too many lawmakers in Washington, D.C. fail to understand that small businesses often do not have the resources to offer a buffet of benefits, which can result in high employee turnover.

Congress shouldn’t retire a rule that helps small businesses provide for their employees’ golden years

When it comes to employee benefits, the difference between working for a small business and a large corporation can be the difference between eating at a buffet and dining a la carte: neither are bad options, but one usually offers more choices than the other. Unfortunately, far too many lawmakers in Washington, D.C. fail to understand that small businesses often do not have the resources to offer a buffet of benefits, which can result in high employee turnover.

Two-Thirds of California Small Business Owners Support Retirement Savings Program

A scientific opinion poll released by AARP and Small Business Majority shows a strong majority of California small business owners support the creation of a voluntary, portable retirement savings program that would allow employees to more easily save for their financial future. What's more, small business owners believe offering such a program to their employees would give their business a competitive edge.

Small Businesses Believe Washington Needs to do More to Help Workers Prepare for Retirement, Support Legislation Doing So

Though the U.S. is slowly recovering from the effects of the Great Recession, Washington small business owners and their employees are facing another financial crisis: retirement security. A survey by the American Association of Retired Persons (AARP) found a quarter of residents between the ages of 45-64 in the Evergreen State have less than $25,000 in savings, and additional research found nearly three in five middle class workers in the state can expect to outlive their retirement savings.  Washington small business owners and their workers are no exception.

Small Businesses Believe Illinois Needs to do More to Help Workers Prepare for Retirement, Support Legislation Doing So

The economy is improving, but Illinois small business owners and their employees are facing another financial hurdle: retirement security. The U.S. currently suffers from a retirement savings gap of more than $6 trillion, and more than 38 million households do not have any retirement savings at all. Illinois small business owners and their workers are no exception.

A new retirement plan for small businesses in Illinois

For small business owners, setting up an employer-sponsored retirement plan can be complicated and expensive. Too many small businesses don’t have the resources to create a formal retirement plan, which means entrepreneurs and their employees frequently struggle to plan for retirement. Nearly 80 percent of employees who work for a small business don’t have access to an employer-sponsored retirement plan.

Opinion Poll: Millennials Identify Student Debt, Retirement Savings as Barriers to Entrepreneurship

Scientific opinion polling found the majority of millennials who own a business or would like to start one at some point say student debt and a lack of retirement savings plan are barriers to entrepreneurship.

In every aspect of building a thriving society and economy—from addressing long-term unemployment to providing high quality jobs—American entrepreneurship represents a pathway to success, particularly among young Americans who struggled to get their foot in the door during the Great Recession...