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IN HR0030
Resolution
Status
N/A
Primary Sponsor
Sean Eberhart
Click for details
AI Summary
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Urges the legislative council to assign a study committee to examine Hoosier employee access to and participation in retirement savings programs
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Directs the study committee to examine hurdles to retirement plan access and potential public-private sector partnerships to increase savings rates
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Notes that approximately 1.1 million Hoosiers (47.7 percent of private sector workforce) lack access to workplace retirement plans
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Cites that employees are 15 times more likely to save for retirement when they have access to workplace savings plans
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References that three in ten Indiana residents age 65 plus rely solely on Social Security, which averages $1,308 monthly and was not designed as a sole retirement income source
Legislative Description
Urging the legislative council to assign to the appropriate study committee the topic of increasing employee access to and participation in retirement savings programs.