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New Illinois program to offer retirement savings plan
Source: The State Journal-Register

A new state program will automatically deduct money from the paychecks of about 1.2 million Illinois residents for retirement savings.

The move could reduce the use of food stamps, Medicaid and other publicly funded social programs, said Illinois Treasurer Michael Frerichs. Illinois Secure Choice is being phased in more than three years after becoming law, The (Arlington Heights) Daily Herald reported.

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