An Act to encourage retirement planning
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed Senate
- Passed House
- To Governor
- Became Law
Overview
This bill aims to encourage retirement planning in Massachusetts. It seeks to improve access to and awareness of retirement savings options for residents. The legislation intends to bolster financial literacy and support individuals in preparing for their future financial security. It is part of a series of similar bills focused on retirement planning initiatives.
Key provisions
- Promotes financial literacy regarding retirement savings.
- Encourages the development of retirement planning resources.
- Supports efforts to increase participation in retirement savings plans.
- May involve provisions related to employer-sponsored retirement plans.
- Could include measures to address barriers to retirement savings.
- Facilitates access to information about available retirement programs.
- Supports the creation of a task force to study retirement planning needs.
- Addresses the need for improved coordination between state agencies and financial institutions.
Who is affected
- Massachusetts residents
- Employees
- Employers
- Financial institutions
- Individuals saving for retirement
Notable changes
- This bill is part of a series of similar proposals focused on retirement planning.
Bill text
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Sponsors
Official sponsors from legislative records.
5 on record
Primary sponsor
Cosponsors
Michael D. Brady
Arguments
Reasons offered for and against this legislation.
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