Coming Up Short: The Scope of Retirement Insecurity Among Illinois Workers

Resource Overview

comingupshort_sept2012This report identifies the principal sources of retirement income, examines the extent and types of workers facing retirement insecurity, and explores the necessary components of a state-level public policy solution that could help to address the problem. Using employment data by industry and estimated retirement plan sponsorship rates, this report shows how many workers in Illinois, especially those in industries with traditionally low-wage workers, lack access to one of the mainstays of retirement income: a tax-deferred, employment-based retirement savings plan. The report concludes with a discussion of the essential components of a state policy that would expand access to tax-deferred, employment-based retirement savings plans.

More Related Resources

Equitable Access to Secure Choice

Illinois is among the first states in the nation to pass retirement savings legislation in the form...

Read more

Illinois Secure Choice Savings Program Fact Sheet

The Illinois Secure Choice Savings Program i will be available to Illinois workers as early as...

Read more

Comment Letter: Proposed Safe Harbor Rules for Secure Choice

IABG submitted the following comment letter on behalf of our partners to the Deparment of Labor in...

Read more