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Michigan retirement plan would help 1.5 million workers access savings program, lawmaker says

  • Author
  • Apr 17, 2024
  • 1 min read

By Jack Nissen


The push is on to improve access to retirement plans in Michigan with one lawmaker's plan to create a savings program that would be available to any resident who works in the state.

Amid concerns that more than a million people working in the private sector in Michigan aren't offered a means to save money through their job, state Rep. Mike McFall (D-Hazel Park) has proposed an automated savings program that would work similar to an individual retirement account - or IRA.


 
 
 

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