CHICAGO (AP) — Illinois Gov. Pat Quinn has signed into law legislation to help people in Illinois save for retirement.

Quinn signed the bill yesterday afternoon at the James R. Thompson Center in downtown Chicago in front of about two dozen supporters in one of the last such events he will have as Governor before Bruce Rauner takes office January 12.

Quinn says the Illinois Secure Choice Savings Program establishes an option for an individual retirement plan for more than 2 million private sector employees in the state who currently don’t have access to any retirement plan at their jobs.

Quinn says the law is crucial to residents because the Social Security benefits many of them rely on are not adequate to cover all their expenses after they retire.

 

 

 

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