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

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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