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Colleen C. Davis
State Treasurer


Helping Delawareans Save for the Future



Delaware Expanding Access for Retirement and Necessary Savings (EARNS) Program

 

 


About EARNS

DE EARNS, as proposed in House Bill 205, is a program designed to provide workers and employers access to low-cost retirement savings plans. It is a “secure choice” program that amounts to State-facilitated, universally available retirement savings plans, providing a convenient way for all workers to save for retirement, particularly middle and low-income workers who lack access to employer-sponsored plans and small businesses that are unable to provide such a benefit.



Executive Summary

Fact Sheet

Saving for Retirement at Work Survey


Oversight and Governance

EARNS Governance Structure


House Bill 205


Additional Resources

Small Business Views on Retirement Savings Plans

Financial Security for Future Retirees – Delaware


What They’re Saying About EARNS

Commentary: Delaware EARNS would put secure futures within reach

New bill would create state-managed retirement plan for workers without one

DE Earns is a win-win

State treasurer brings forth landmark retirement program for Delaware

First State seeks to start program to address retirement savings

Commentary: Delaware EARNS is something we can all support

Voters Overwhelmingly Support Workplace Retirement Savings Plans

Availability of State Auto-IRAs Appears to Complement Private Market for Retirement Plans

Voters Say Workers Should be Able to Save for Retirement from Their Paychecks

Facts and Fallacy about State-Facilitated Retirement Savings Plans


In this edition of Treasury Talks, Delaware State Treasurer Colleen Davis speaks with State Representative Larry Lambert, the prime sponsor of H.B. 205, the Delaware Expanding Access for Retirement and Necessary Savings (“EARNS”) program. Rep. Lambert talks about how his background showed him the importance of a program like DE EARNS and how it will help thousands of Delawareans.

 

Whip Count LogoDelaware EARNS: Closing the Retirement Savings Gap
Saving for retirement is becoming an increasingly difficult dilemma for workers. In Delaware, as many as 200,000 employees lack access to an employer-sponsored retirement plan. To address this growing issue, Rep. Larry Lambert has worked with our State Treasurer to introduce the Delaware EARNS program. This act would create a state-sponsored savings plan, funded by employees, empowered by employers, and overseen by the State. On this episode, Rep. Lambert and State Treasurer Colleen Davis describe the Delaware EARNS Act and its benefits for employees and businesses alike.


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