Legislature debates whether businesses must offer retirement-savings program

DENVER BUSINESS JOURNAL - Republicans and Democrats agree that Americans need to save more money for retirement.

But a bill that passed out of the Colorado House of Representatives Wednesday illustrates a deep divide over what the two parties believe the role of business owners and governments should be in making that happen.

House Bill 1290, sponsored by Democratic Reps. Brittany Pettersen of Lakewood and Janet Buckner of Aurora, would mandate the state government to establish a retirement-savings plan that would be used by any business with at least five employees that doesn’t now offer such a plan on its own.

Workers at those businesses automatically would be enrolled in the plan unless they chose to opt out, and a newly appointed board would oversee the program for the state.

Read more at the Denver Business Journal: http://bit.ly/2oOZPeD

(© 2017 American City Business Journals)


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