Quinn signs bill to help Illinoisans save for retirement

Posted on January 5, 2015

By The Associated Press

CHICAGO – Illinois Gov. Pat Quinn has signed into law legislation to help people in Illinois save for retirement.  

The Democrat signed the bill on Sunday afternoon at the James R.  Thompson Center in downtown Chicago in front of about two dozen supporters in one of the last such events he will have as governor before Republican Bruce Rauner takes office Jan. 12.  

Quinn says the Illinois Secure Choice Savings Program establishes an option for an individual retirement plan for more than two million private sector employees in the state who currently don't have access to any retirement plan at their jobs.  

Quinn says the law is crucial to residents because the Social Security benefits many of them rely on are not adequate to cover all their expenses after they retire.  
 

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