ILLINOIS (RFD) — Tens’ of thousands of workers in Illinois are now using a retirement savings program that was started just a year ago.
State Treasurer Mike Frerichs says that more than 32,000 are using the Secure Choice program to help their retirement savings.
Frerichs says there is a looming crisis when it comes to retirement savings and this program that runs through workplaces makes it easy to save. Bryan Rojas, is now saving with the program. He says it’s been a good way to save without having to think about it.
The program takes personal savings and by default invests in a Roth IRA. Secure Choice is offered to Illinois employers for little or no cost.