Chances are many Central New Yorkers who work for a smaller business don’t have an employer-provided retirement savings plan. That could change if a state-facilitated, payroll deduction plan called “Secure Choice” is approved in the state budget.
The AARP is pushing state lawmakers to include it in their spending plans. The group’s state legislative representative Bill Ferris acknowledges workers do have the option of setting up their own IRA outside of work. But most don’t bother.