News & Events
News
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MERIT Reaches Year-One Milestone of $10 Million Saved for Maine Employees
FOR IMMEDIATE RELEASE Augusta, ME – Maine Retirement Investment Trust (MERIT) is pleased to announce a considerable milestone towards their mission to secure the financial future of working Mainers. In just over a year since its full launch in January 2024, MERIT has helped over 12,000 Maine employees save 10 million dollars towards their retirement..
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The merits of MERIT: A savings program targets workers with no workplace retirement plan
The program, envisioned as an easy way for employers to offer retirement savings for their employees, requires employers with five or more workers not offering a qualified retirement savings plan to register for MERIT and begin using it in 2024.
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Retirement savings in the US are dismally low. These New England states are trying to give them a boost
Boston Globe, April 18, 2024
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Filling a gap: Maine launches retirement savings plan for private-sector workers without one
MaineBiz January 22, 2024
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Maine to begin offering state-sponsored Roth IRA for employees without access to Retirement Plans
Maine Public, January 2, 2024
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Pilot Program for Retirement Savings Underway
News Center Maine November 15, 2023 Meet Devin and Nicole from Foldflow. Devin explains why he chose to be among the first Maine employers to bring MERIT to their employees. Nicole tells us why she is thinks MERIT is important for Maine employees.
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