Illinois Secure Choice: What Small Business Owners Need to Know about the IL State Law

Description

Unsure or unaware of the Illinois Secure Choice Law? Is your small business aware of the law and its requirements?

The Decatur Regional Chamber of Commerce has partnered with the Illinois Association of Chamber of Commerce Executives to bring you a free webinar on the Illinois Secure Choice: What Small Business Owners Need to Know about the IL State Law on September 13 at 2:00 p.m.

Illinois state law now requires that every private-sector employer that has been in business for at least 2 years and that had 5 or more Illinois employees last year must offer their own qualified retirement plan or facilitate the Illinois Secure Choice retirement savings program. In this session, the Illinois State Treasurer’s Office will cover the specifics of the state law and provide an overview of how Illinois Secure Choice works and how easy it is for businesses to facilitate retirement savings for their employees. This session, led by Christine Cheng and Jaimee Niles, is open to all chamber members.

Bios: Christine Cheng serves as Director of Secure Choice for the Illinois State Treasurer’s Office. In her role, she oversees implementation and expansion of Illinois Secure Choice to improve retirement savings access for private-sector workers, helping to ensure that more Illinoisans can retire with dignity. Jaimee Niles is the Illinois relationship manager for Ascensus, the third-party administrator for the Illinois Secure Choice program. In her role, she is the key point of contact for employers as they learn about and facilitate the Illinois Secure Choice program. Her focus is to both educate and support employers throughout the onboarding and administration process of the program and be a resource to employees who want to better understand their savings opportunities so they can make an informed decision about their participation in the program.