Testimony: Support HB17-1290 to Create Colorado Secure Savings Plan
In a 2016 study, we found almost 900,000 Colorado private sector workers in their prime working years are not participating in any type of retirement savings plans at work.
In a 2016 study, we found almost 900,000 Colorado private sector workers in their prime working years are not participating in any type of retirement savings plans at work.
They have not always functioned smoothly, but there are signs they are currently stable. They have also been instrumental in helping many people get affordable health insurance.
One of the little-known programs within Colorado’s Medicaid program is the Nurse Advice Line, a free service to Medicaid members provided by a team of nurses at Denver Health.
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.
The most effective way to ensure that Coloradans are not hounded for debts they do not owe, have contested, or paid off is to require debt collectors meet a “proof of debt” standard before attempting any collection action.
