AARP Virginia Statement on Passage of Work and Save Legislation

Posted on 02/25/20

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RICHMOND_AARP Virginia today released a statement from State Director Jim Dau on the Virginia Senate vote Feb. 21 to pass House Bill 775. The measure now goes to Governor Ralph Northam for his signature.

The bill authorizes a study to determine the needs of Virginia businesses for a Work and Save retirement program for their employees. Virginia529 – the organization that helps Virginians save for a college education – will be leading the study.

Dau released the following statement:

“We are pleased that Virginia529 is taking the lead on this study, and we look forward to working with them to create the strongest possible state-level retirement plan for Virginia’s workers. Work and Save is a common-sense solution that can help more Virginians build their own nest eggs.

“The average household only has $2,500 saved for retirement, and the average household that is near retirement has only $14,500 in savings. Work & Save provides an easy, low-cost retirement savings option to help small businesses provide a way for their employees to save and take control of their future.

With more than 1 million members in Virginia, AARP is the largest organization working on behalf of people age 50+ and their families in the Commonwealth.

To learn more about AARP Virginia, like us on Facebook at www.facebook.com/aarpvirginia and follow @AARPVa on Twitter at www.twitter.com/aarpva.

AARP is the nation’s largest nonprofit, nonpartisan organization dedicated to empowering Americans 50 and older to choose how they live as they age. With nearly 38 million members and offices in every state, the District of Columbia, Puerto Rico, and the U.S. Virgin Islands, AARP works to strengthen communities and advocate for what matters most to families with a focus on health security, financial stability and personal fulfillment. AARP also works for individuals in the marketplace by sparking new solutions and allowing carefully chosen, high-quality products and services to carry the AARP name. As a trusted source for news and information, AARP produces the nation's largest circulation publications, AARP The Magazine and AARP Bulletin. To learn more, visit www.aarp.org or follow @AARP and @AARPadvocates on social media.

This story is provided by AARP Virginia. Visit the AARP Virginia page for more news, events, and programs affecting retirement, health care, and more.

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