Retirement security

The Agenda for Illinois’ Entrepreneurs

Small Business Majority’s Illinois policy agenda outlines policies that advance and promote equitable pathways for entrepreneurship while ensuring small businesses are key to a thriving and inclusive economy. The state’s 1.2 million small businesses employ 2.5 million people (about 45% of the private workforce), with firms of fewer than 20 employees creating the largest net job gains.  Yet, Illinois small businesses continue to face setbacks stemming from the COVID-19 pandemic.

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The agenda for New Mexico's entrepreneurs

Small Business Majority has created a comprehensive state policy agenda to ensure entrepreneurship is at the center of a thriving and inclusive economy in New Mexico. New Mexico's 154,000 plus small businesses account for 99% of all businesses in the state and employ more than half of workers in the state, according to the U.S. Small Business Administration. 

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Small Business Majority submits comment on New Mexico Work and $ave Program draft rules

On November 11, Small Business Majority's Public Policy Director, Awesta Sarkash submitted a comment letter on the preliminary draft rules for New Mexico's Work and $ave Program to outline ways the program can better support small and underserved businesses.

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Small Business Majority supports CalSavers eligibility expansion

On August 13, Small Business Majority submitted a letter to California Governor Newsom in support of Senate Bill 1126, which will enable the CalSavers Retirement Savings Program to achieve its mission of ensuring all Californians have a path to financial security in retirement.

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Your guide to the CalSavers Retirement Savings Program

The CalSavers Retirement Savings Program is a portable workplace retirement savings program for private sector workers whose employers do not have a retirement savings program. CalSavers is run by the state and funded by modest employee contributions, so it involves minimal requirements for employers. 

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Small Business Majority CEO testifies on workforce challenges

Today, John Arensmeyer testified before the U.S. Senate Committee on Small Business & Entrepreneurship at a hearing, "The Small Business Workforce Challenge: Causes, Impacts, and Solutions." More than two years into the pandemic, small businesses are slowly rebuilding but need a vibrant stable workforce to fully recover. Entrepreneurs, especially those in under-resourced communities, need an array of support to address labor shortages and ensure employees are able to come back to the workforce. Mr.

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Small Business Majority supports Delaware retirement savings program

Today, Small Business Majority submitted a letter of support for HB 205, which would establish the Delaware Expanding Access for Retirement and Necessary Saving (“EARNS”) program. The program would allow eligible employees to provide, on a voluntary basis, access to retirement savings through a state-facilitated retirement savings program in a convenient, cost effective, and portable manner.

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Retirement Security Task Force Report for Wisconsin

Wisconsin is in trouble when it comes to retirement security. Even before the COVID-19 pandemic, our retirement system was not working for a significant number of Wisconsin workers and small businesses. The landscape of retirement benefits has changed in recent decades. Businesses have moved away from pensions that were automatic and managed by employers to defined contribution plans that are voluntary and self-directed by workers. In 1983, 62% of employees were covered by a traditional pension plan.

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