Retirement security

Small Business Majority Comments on Proposed Federal Automatic-IRA Program

Today, John Arensmeyer submitted a letter of support for the proposed Automatic-IRA program as part of the reconciliation package. In addition, the letter offers recommendations on how to enhance the legislation to best support small businesses in all states. 

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Small Business Majority Urges Governor Pritzker to Expand Participation in Illinois Secure Choice

Small Business Majority wrote to Illinois Governor Pritzker in support of HB117, a measure that would expand Illinois Secure Choice so that employers with at least five or more employees may participate and auto-enroll their employees. This is an important step to supporting very small businesses and their employees who are unable to access traditional retirement programs, particularly those who have been impacted by the COVID-19 pandemic.

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CalSavers deadline fast approaching: Answers to 6 frequently asked questions your California small business should know

Many California small businesses would like to offer retirement options to their employees—to help attract a talented workforce and boost employee morale—but can’t afford the overhead and administrative costs. The state now requires that all businesses with five or more employees facilitate employee participation in CalSavers if they don’t already have a retirement plan in place. Businesses are being phased into the program over time based on their number of employees.

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Colorado small business owner talks pizza, pandemic and the public option for healthcare

Why shop small? Because $0.67 of every dollar you spend at a small business gets invested back into the community. For Jeff Rogoff, owner of Sazza in Greenwood Village, Colo., this philosophy holds true. At Sazza, not only are the pizza toppings and cheeses locally sourced but so is the silverware, tables, glassware and branded merchandise. 

“Being mindful of our community, working with our community and being a part of our community is all very important to us,” Jeff says.

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Small Business Majority asks Governor Northam to amend Virginia Saves Program to better benefit small business

On March 10, Small Business Majority wrote Governor Ralph Northam to ask him to amend HB2174 to lower the employee number threshold from 25 employees to five employees and to remove the 30-hour work requirement for employees, as the bill originally stipulated.

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Small Business Majority supports expanding participation in Illinois Secure Choice

Small Business Majority wrote to the Illinois House Personnel & Pensions Committee in support of HB0117, which would expand Illinois Secure Choice so that employers with at least one employee may participate and auto-enroll their employees. This is an important step to supporting very small businesses and their employees who are unable to access traditional retirement programs, particularly those who have been impacted by the COVID-19 pandemic.

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Small Business Majority Supports Virginia Retirement Savings Program

Today, Small Business Majority submitted a letter of support for HB 2174, which would establish an automatic enrollment payroll deduction individual retirement account (IRA) retirement savings program in Virginia. This would be an important step to support small business owners and their employees who are unable to access traditional retirement benefits. 

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Small Business Majority testifies in favor of the Colorado Secure Savings Program

Colorado Outreach Manager Lindsey Vigoda testifed in support of the Colorado Secure Savings Program, which would ensure that Colorado's entrepreneurs and small business employees are able to access retirement benefits and secure their future. 

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Fresno small business hopes to increase employee retention with the help of CalSavers

For Mark Gisler and his family, a lack of good assisted living facilities in his area spurred two generations of Gislers to make their mark on the care home industry in Northern California—and to create a workplace where employees can feel like family.

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