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Vermont Bill Creates Voluntary Retirement Plan for Small Businesses
Chief Investment Officer [CIO]
June 6, 2017 "The Vermont General Assembly has passed a bill to create a voluntary public retirement option for small businesses known as the Green Mountain Secure Retirement Plan.... The plan will be based on a multiple employer plan model, and open to businesses with 50 employees or fewer that do not offer a retirement plan, as well as to self-employed workers. If an employer adopts the program, auto-enrollment of employees will occur, but employees will have the choice to opt out.... The program will initially be supported by fees that would be paid by the program's participants, but allows for the possibility for employer contributions in the future." MORE >> |
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