Call your Senator and tell them to oppose HJRES 66/67 that seek to stop states from making retirement savings accounts available to small business employees. HJRES 66/67 would jeopardize state savings initiatives. Tell your Senator to vote no.
Longer (Talking Points)
Support DOL Rule on Work and Save
Innovative solutions to America's saving crisis are at risk.
• A 2016 Department of Labor rule provides guidance on how states can enter into public-private partnerships to increase personal savings rates for small business employees. The rule is clear: Small business owners have no operational burden for these plans. Their only interaction with a Work and Save plan is to facilitate payroll deductions for these individual savings plans.• We urge Congress to vote no on a Congressional Review Act resolution – H.J. Res. 66/67 – to overturn the Department of Labor's rule giving states flexibility to help small business workers save for retirementMillions of Americans Don't Have Enough Saved for Retirement
• 55 million working Americans do not have a way to save for retirement out of their regular paycheck because their employer does not offer a retirement plan.• Yet we know employees are 15 times more likely to save if they have a payroll deduction savings plan at work.States Lead the Way – Work and Save
• In response, numerous states – the laboratories of democracy – have removed regulatory and operational barriers for small businesses who do not have retirement plans to provide commonsense solutions known as Secure Choice or Work and Save.• Eight states have already signed Work and Save into law: Washington, Oregon, California, Connecticut, Maryland, New Jersey, Massachusetts and Illinois.Federal Overreach Threatens State Flexibility
• A Congressional Review Act resolution – H.J. Res. 66 – to overturn this rulemaking represents significant overreach by the federal government. Congress should not block states from enacting public-private partnerships to address the retirement needs of millions of workers if they want to.• The state programs only apply to individuals who do not have a retirement plan at work. Employer retirement plan sponsorship has not increased in decades, which is why over 55 million workers have no retirement plan.• We urge Congress to support private retirement savings and vote NO on H.J. Res 66 to overturn the Department of Labor's rule on Savings Arrangements Established by States for Non-Governmental Employees.Workers, Employers, and People Across Political Spectrum, Support Work and Save
• Nearly three in four (74%) private sector employees age 18-64 are anxious about having money to retire comfortably. This is true across all ideologies and ethnic groups.• Eight in ten (83%) private sector employees agree elected officials should do more to make it easier for small businesses to provide retirement plans to their employees. (2017 AARP Retirement Security National Survey of Employed Adults Ages 18-64, January 2017• Over three in four (77%) political conservatives support a state-facilitated retirement savings plan, and (76%) agree elected officials should do more to make it easier for small business to provide retirement savings options to their employees. (2017 AARP Retirement Security National Survey of Employed Adults Ages 18-64, January 2017.)