Illinois Secure Choice is a state-facilitated retirement program that makes it easy to save for retirement. … Not only is Illinois Secure Choice open to employees who work for an eligible employer, the program is available to anyone who wants to enroll on their own and start saving.
Besides, what is the secure choice savings program?
Program: Connecticut Secure Choice Savings Plan is a retirement savings plan for private-sector workers with no access to an employer-sponsored retirement fund. The program will not be mandatory for businesses with fewer than five employees or those that already offer a work-based retirement savings option.
Moreover, is Illinois secure choice an IRA?
It’s easy to start saving for retirement through Illinois Secure Choice. You can automatically save a part of each paycheck in your own Individual Retirement Account (IRA). Your account stays with you if you change jobs and you can adjust your savings rate and investment elections to fit your savings needs.
Is Illinois secure choice a Roth IRA?
Secure Choice is a Roth individual retirement account (IRA) intended to help the 1.2 million workers in the Prairie State who lack access to employer-sponsored retirement plans. … Not be able to make employer contributions to the plan. Not incur any costs to the employer.