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Ascensus was chosen to manage Illinois’ retirement savings program, Secure Choice, in July 2017. Secure Choice was launched in phases in 2018 and 2019. The program is expected to cover 1.2 million workers. [13] In August 2018, it was announced that Ascensus would administer California's retirement savings program, CalSavers. [14]
In November 2018, Treasurer Frerichs launched Secure Choice, a retirement savings program that will benefit an estimated 1.2 million private-sector workers in Illinois who do not have access to an employer-sponsored retirement plan. So far, 114,000 Illinois workers have saved more than $100 million that will help them retire with dignity. [25]
The Treasurer is elected for a renewable four-year term during the quadrennial mid-term election. The Illinois Constitution provides that the Treasurer must, at the time of their election, be a United States citizen, at least 25 years old, and a resident of the state for at least three years preceding the election.
Gold has historically acted as a hedge against inflation, and many find it to be a more secure place to invest your retirement fund. Life insurance. No need to put this in a revocable trust ...
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Fast Company reviewed an article about Illinois Secure Choice — a state-funded retirement saving system — as "neither a terse news item, nor a formal financial advice column, nor a politically charged response to economic policy", citing its informal and neutral tone. [216]
Alight Solutions is an information technology and consulting company based in Chicago, Illinois.The company provides cloud-based digital business and human capital service solutions [clarification needed]; particularly within the areas of wealth and health resources. [1]