News & Events
News
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May 17, 2023
The May 17, 2023 Board Meeting was cancelled.
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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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