Beginning in 2017, Illinois residents who don’t have a retirement plan at work will be automatically enrolled in individual retirement accounts and have 3 percent of their paychecks funneled into them. Employers with at least 25 employees must offer...

The law creates the Illinois Secure Choice Savings Program, which automatically gives each Illinois worker a retirement account. Three percent of an employee’s payroll will be put into the account unless he or she manually changes the amount. This...

Workers at businesses in operation for at least two years with 25 or more employees will be required to have access to an individual retirement savings account through their employer by June of 2017 under the Secure Choice Savings...

Now, Illinois has signed into law a new plan that’s aimed at addressing this issue and could provide a blueprint for other states and even at the federal level. Called Secure Choice, the plan will start enrolling state residents...

A bill passed by the General Assembly and signed into law this week creates the Illinois Secure Choice Savings Program, which mandates that private sector employers in business for at least two years and employing 25 or more workers...

The program will be created under a law signed by Gov. Pat Quinn on Sunday. Participation will be voluntary, but workers who don’t want to save will need to opt out manually. (They will also be allowed to save...

In what may emerge as a standard for all states, Illinois is introducing a tax-advantaged retirement savings plan for most residents who do not have such a plan at work. The program echoes one that President Obama has endorsed...

The middle class is in terrible shape. Wages are stagnant, the middle class’s share of the nation’s wealth has been declining for decades, and ordinary Americans feel like they’re just exiting a recession that ended years ago. But could...