AUGUSTA – A bill in the state legislature could create more opportunities for Mainers to save for retirement.
At a news conference in Augusta on Tuesday, supporters said more than 200,000 Mainers have no access to a retirement savings program through their employer.
This bill would enact a public-private partnership with the state, called the Maine Retirement Savings Board.
Workers in Maine could contribute to their own retirement plans through payroll deductions.
“There’s a large demand for and anxiety about the fact that people do not have access to these savings accounts,” said Sen. Eloise Vitelli, D-Arrowsic.
The bill’s sponsor said the proposal was carried over from the last legislative session and will have a work session sometime next month.