So, the legislature just decided to start automatically deducting 5% of Vermonters’ paychecks.
S.135 says workers MUST enroll in government-run retirement savings plan.
Until I read an op-ed by Vermont State Treasurer, Mike Piecack, yesterday celebrating its passage, I had no idea this bill (S.135) establishing the “Vermont Saves” program was even a thing. How did I miss such major legislation? This new law requires employers who do not already provide a retirement savings plan to enroll their employees in a government…
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