Fact Sheet: Maine
AARP, August 2022
Access to an employer-based retirement plan is critical for building financial security later in life. About 40 percent of Maine’s private sector employees work for an employer that does not offer a retirement plan. Workers will benefit from the ability to use payroll deduction to save for retirement.
State Benefits of Expanding Access to Retirement Savings
Georgetown Center for Retirement Initiatives
An infographic showing how many Maine employees will benefit from access to a workplace retirement plan, the increased retirement income they will enjoy by having retirement savings, and the potential savings to the State.
Fiscal Implications of Inadequate Retirement Savings in Maine
Philip Trostel, University of Maine, February 2017
Maine’s share of the cost of public assistance for the retirement age population is projected to reach $61 million by 2032. These costs can be reduced through greater pre-retirement savings.