ILLINOIS TREASURER MIKE FRERICHS SAYS HIS OFFICE’S SECURE CHOICE RETIREMENT SAVINGS PROGRAM HAS HIT THE 100 MILLION DOLLAR MARK. 

MORE THAN 100-THOUSAND WORKERS THAT DON’T HAVE A PENSION OR OTHER RETIREMENT FUND THROUGH THEIR EMPLOYER ARE SAVING FOR THE FUTURE WITH THE PROGRAM. TREASURER FRERICHS EXPLAINS HOW IT WORKS.

FRERICHS SAYS IT’S ESTIMATED THAT WORKERS ARE 15 TIMES MORE LIKELY TO SAVE FOR RETIREMENT IF THEY CAN DO SO THROUGH PAYROLL DEDUCTIONS.

EMPLOYEES ARE AUTOMATICALLY ENROLLED AND THE MONEY IS PUT INTO A ROTH I-R-A THAT THEY CONTROL. YOU CAN LEARN MORE ABOUT THE PROGRAM ONLINE AT: IL SECURE CHOICE DOT COM.