AARP Delaware Supports Retirement Savings Plan for Workers

Retirement requires solid financial planning, and that means building a comfortable nest egg. Yet more than 147,000 workers in the First State have no access to an employer- sponsored retirement plan. 

AARP Delaware is advocating for legislation that would require companies with more than five employees to provide access to a retirement savings plan. 

The Delaware Expanding Access for Retirement and Necessary Savings bill would create a state-run savings plan for workers that’s easy for employers to implement. The Office of the State Treasurer would administer the program. More than 70 percent of workers with access to retirement savings plans at work participate in them, according to the Bureau of Labor Statistics.