We need a public retirement plan!

Our retirement system is broken. 

Over 50% of Connecticut's working age residents do not have access to an employer-sponsored retirement plan. And those that do are saving less because of stagnating wages as our economy strugles to recover. That leaves only social security for many workers, but that is often not enough to live on. 

But we can fix this problem by setting up a public, state-run retirement savings plan every worker can contribute to so they can retire securely. Workers could deposit a percentage of their wages into a trust fund that would be invested for them until they are ready to retire. Workers shouldn't have to be financial experts, or pay high fees to Wall Street to manage their moeny. By pooling resources into one trust fund, workers can take advantage of lower administrative costs and increase the rate-of-return on investments.

The best reason to support this retirement for all plan is you. This program will allow real workers and families to retire, each with a unique situation. That's why we want to hear from you. Do you have a retirement savings account like a 401(k)? Does your employer contribute to it? Will you have enough to retire when you reach 65? What are you concerned about?

The more of your stories we hear, the better case we can make to establish a program that will let every worker in Connecticut retire securely.