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Illinois Expands Its SECURE Choice Mandatory Retirement Savings Program
Jackson Lewis P.C.Link to more items from this source
[Guidance Overview]
Aug. 6, 2021

"[T]he program will apply to employers with at least 5 employees in the state during every quarter of the previous calendar year.... Secure Choice now includes annual, automatic increases to the contribution rates up to a maximum of 10% of an enrollee's wages. The Illinois Department of Revenue will establish a schedule for the automatic increase."

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