First State Times

Delaware residents might soon get a state-sponsored retirement plan that features saving accounts based on public-private partnership, according to Delaware Public Media.

The American Association for Retired Persons (AARP) revealed in a survey that more than 60% of Delaware residents worry about not having enough sustenance or money after they retire. In a study conducted ahead of a roundtable conference on the retirement policy of the U.S., AARP revealed that 75% of the residents looked forward to or were in the favor of a retirement savings program featuring public-private partnership.

“One hundred fifty-two thousand of the working-class residents of Delaware do not have a retirement plan in their employment. An automatic Individual Retirement Account will not only help the citizens of Delaware but also save the state’s tax money on the back end,” Senior Legislative Representative of AARP Sara Gill told Delaware Public Media. 

She said 10 states have some form of state-sponsored retirement plan for their residents and it’s high time Delaware gets one too.