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Illinois Secure Choice Savings Program (ISCSP)

In just under one year, on June 1, 2017, the Illinois Secure Choice Savings Program, also known as Public Act 98-1150, will go into effect. This is a state-mandated program that Governor Quinn signed into law in January of 2015. This program was created because studies showed that many Illinois workers lack sufficient savings for retirement. Statistics show that the median amount of retirement savings is $3,000 for working age adults in Illinois. Additionally, 2.5 million Illinois workers do not have access to a retirement savings account through their employers. Public Act 98-1150 states that the program will be created “for the purpose of promoting greater retirement savings for private-se

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