Support grows for state-sponsored pension plans for private-sector workers

A bill introduced in the Maryland House of Delegates would create a retirement program (Maryland Secure Choice Retirement Savings Program) for private-sector workers who lack access to an employer-sponsored retirement plan.

“If we’re going to be successful in the fight against elder poverty, then we must start thinking outside the box to create new retirement plan models,” Merle Cuttitta, president of SEIU Local 500, said in a statement in response to the bill. “Every worker deserves an opportunity to retire with dignity after a lifetime of working hard and playing by the rules.”

If signed into law, Maryland would be the second state in the nation to set up a state-based retirement savings plan for private-sector workers. SEIU’s retirement security campaign continues its work to build support for retirement models that ensure more people can retire with dignity. Last year, similar legislation was signed into law in California with strong support from SEIU.

Read more about the Maryland bill here.

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