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Gov. Quinn signs retirement savings bill
Gov. Pat Quinn said a bill he signed Sunday will give 2.5 million workers in Illinois a new way to save for retirement without relying on Social Security alone. The Illinois Secure Choice Savings Program, established by the bill, creates a retirement savings option through a 3 percent payroll deduction for private-sector employees whose employers do not offer a retirement plan. Employers that have been in business for at least two years and employ 25 or more workers are required to participate. Read more…
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