Dozens of residents and organizations turned up at a Connecticut Senate committee hearing today to voice their support for a proposal that would set up a state-run retirement plan open to all Connecticut residents and businesses.
Senate Majority Leader Martin Looney, D-New Haven/Hamden, and House Majority Leader Joe Aresimowicz, D-Berlin/Southington, both expressed support for the measure, encouraging their colleagues in the Connecticut General Assembly to take action on behalf of aging constituents who are rapidly approaching retirement without any savings.
"Our nation and our state are currently on the brink of a retirement crisis that will not only impact retirees, but next generation workers as well," said Aresimowicz. "Every person who has worked hard throughout their life and played by the rules should have the ability to retire at an appropriate age and live the rest of their life with some financial security. This bill gives that chance to many people who otherwise will not be afforded the opportunity."
Continue Reading for Free
Register and gain access to:
- Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.