News & Events
News
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Amendments to MERIT
On June 9. 2023 the Senate Majority Office issued a press release announcing the passage of amendments to the MERIT program. The bill awaits signature by Governor Janet Mills.
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Lawmakers request to delay Maine’s upcoming IRA program
Maine workers who do not have access to retirement savings options will soon gain access through Maine’s very own IRA savings program. Back in 2021 Governor Janet Mills approved legislation which promotes more accessibility to save for retirement through public and private partnerships. The program was slated to begin in April 2023 however the bill’s…
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State Automated Retirement Programs Would Reduce Taxpayer Burden From Insufficient Savings
Study shows potential combined $1.3 trillion burden for state and federal governments over 20 years. A new study finds that Americans’ insufficient retirement savings will significantly affect every state and the federal government over the next 20 years, resulting in increased public assistance costs, reduced tax revenue, decreased household spending and standards of living, and…
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Maine Retirement Savings Board Program Update
Initial implementation of the Maine retirement savings program will not take place on April 1, 2023.
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Plans to help more Mainers save for retirement may begin by spring 2024
State leaders said the Maine Retirement Savings Program should be implemented come spring of 2024 to help all Mainers save for retirement.
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