The fees that would be charged on the Secure Savings Plan are much lower than what small employers with low-wage workers currently pay in the market place. These are the very employers least likely to offer workplace retirement savings plans in Colorado.
Trump’s proposed budget takes direct aim at many of the investments that help moderate- to low-income Coloradans get ahead and stay ahead economically.
Today, almost 900,000 Colorado private-sector workers in their prime working years are not participating in traditional pensions or 401(k)-type retirement savings plans at work.
PERA is the retirement system for state and local government employees, including teachers. It is the only retirement program for these employees, virtually all of whom do not participate in or receive Social Security benefits.
