vest-pocket-icon-newsVest Pocket News

Join us for a Town Hall Meeting on Nov. 18th to Discuss Employee Retirement Plan Availability for Utah’s Private-Sector Workers

Vest-Pocket-Town-Hall

Click below to hear Vest Pocket President Jon Parry talk about this important event!

This event is free but space is limited. Click here to register now to reserve your seat.

Join the Vest Pocket Business Coalition on Wednesday morning, November 18, 2015, as we and other organizations and state officials discuss solutions for helping private-sector employees save for retirement. An individual is over 15 times more likely to save for retirement if the employer offers a savings plan. However, more than 50% of private-sector workers in Utah don’t have a way to save for retirement through their workplaces because their employers don’t offer 401k or other retirement plans for employees. Statistics also show that most workers do not have IRA or other personal retirement savings accounts, despite their availability. The reality is that if action isn’t taken now to improve retirement account access in Utah, social safety programs are likely to balloon leaving Utah taxpayers to foot the bill.

Join us as Sen. Todd Weiler, Chief Deputy State Treasurer David Damschen, and AARP State Director Alan Ormsby lead a conversation with business owners about solutions to the retirement savings problem in Utah, including possibly implementing a state-sponsored plan through automatic payroll deductions. A work group comprising several state officials and business organizations has been studying the issue this year and is formulating recommendations. What are your opinions about the issue? How might possible state-sponsored solutions affect your business? Come learn more and join the discussion the morning of November 18.

A complimentary light breakfast with coffee & juice will be provided

Date & Time: November 18, 2015, 8:00 to 9:30 AM

Location: the Church & State Business Incubator, 370 South 300 East, Salt Lake City

(parking available on 300 East and in the Salt Lake City Library underground parking across 400 South)

Cost: Free!

Space is limited. Click here to register now to reserve your seat.