Delaware News

Treasurer Davis Named to Advisory Council

Office of the State Treasurer | State Treasurer Colleen C. Davis | Date Posted: Friday, November 3, 2023



Thanks to the ongoing progress towards implementation of the Delaware Expanding Access for Retirement and Necessary Savings (EARNS) program, State Treasurer Colleen Davis has been named to the newly formed State Advisory Council of the Georgetown University Center for Retirement Initiatives (CRI) at the McCourt School of Public Policy. The bi-partisan council will provide guidance to the CRI’s mission, goals, and objectives in implementing state-facilitated retirement savings programs like EARNS around the country.

Signed into law in 2022 after receiving overwhelming bi-partisan support from the General Assembly, EARNS will provide a convenient way for all workers to save for retirement, particularly middle and low-income workers who lack access to employer-sponsored plans, and allows small businesses previously unable to provide such a benefit to do so at no cost.

“The CRI has been an indispensable resource not just for our office and EARNS, but for state programs across the country,” said Treasurer Davis. “They serve as a clearinghouse for all policy issues surrounding state auto-IRAs and I’m honored to be part of the council that will help them continue that invaluable work.”

The initial meeting of the council focused on the upcoming annual state network conference to be held January where leaders of state-sponsored retirement programs will gather to share ideas and experiences.

“Treasurer Davis’s leadership establishing the Delaware EARNS program has been an example for other states seeking to implement such programs,” said Angela Antonelli, the CRI’s Executive Director. “I am grateful to have the opportunity to work with Treasurer Davis and other state leaders and to benefit from their strategic guidance in support of these important retirement savings programs.”

“I am honored to have a role in supporting the Georgetown Center for Retirement Initiatives in the critical work of sharing best practices for addressing the retirement savings crisis,” said Dave Young, Colorado State Treasurer and Chair of the council. “As state programs evolve, Colorado is fortunate to have partners like Treasurer Davis and the Delaware EARNS Program help us chart a new course towards a sustainable and dignified retirement for all savers.”

Delaware EARNS is expected to go live January 1, 2025.

“As I have said repeatedly, my main priorities remain bolstering retirement security, creating pathways to economic empowerment, and providing a culture of financial excellence,” Treasurer Davis said. “My role on this council will enable me to help share Delaware’s success with the rest of the country.”

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Treasurer Davis Named to Advisory Council

Office of the State Treasurer | State Treasurer Colleen C. Davis | Date Posted: Friday, November 3, 2023



Thanks to the ongoing progress towards implementation of the Delaware Expanding Access for Retirement and Necessary Savings (EARNS) program, State Treasurer Colleen Davis has been named to the newly formed State Advisory Council of the Georgetown University Center for Retirement Initiatives (CRI) at the McCourt School of Public Policy. The bi-partisan council will provide guidance to the CRI’s mission, goals, and objectives in implementing state-facilitated retirement savings programs like EARNS around the country.

Signed into law in 2022 after receiving overwhelming bi-partisan support from the General Assembly, EARNS will provide a convenient way for all workers to save for retirement, particularly middle and low-income workers who lack access to employer-sponsored plans, and allows small businesses previously unable to provide such a benefit to do so at no cost.

“The CRI has been an indispensable resource not just for our office and EARNS, but for state programs across the country,” said Treasurer Davis. “They serve as a clearinghouse for all policy issues surrounding state auto-IRAs and I’m honored to be part of the council that will help them continue that invaluable work.”

The initial meeting of the council focused on the upcoming annual state network conference to be held January where leaders of state-sponsored retirement programs will gather to share ideas and experiences.

“Treasurer Davis’s leadership establishing the Delaware EARNS program has been an example for other states seeking to implement such programs,” said Angela Antonelli, the CRI’s Executive Director. “I am grateful to have the opportunity to work with Treasurer Davis and other state leaders and to benefit from their strategic guidance in support of these important retirement savings programs.”

“I am honored to have a role in supporting the Georgetown Center for Retirement Initiatives in the critical work of sharing best practices for addressing the retirement savings crisis,” said Dave Young, Colorado State Treasurer and Chair of the council. “As state programs evolve, Colorado is fortunate to have partners like Treasurer Davis and the Delaware EARNS Program help us chart a new course towards a sustainable and dignified retirement for all savers.”

Delaware EARNS is expected to go live January 1, 2025.

“As I have said repeatedly, my main priorities remain bolstering retirement security, creating pathways to economic empowerment, and providing a culture of financial excellence,” Treasurer Davis said. “My role on this council will enable me to help share Delaware’s success with the rest of the country.”

image_printPrint

Related Topics:  , , , ,


Graphic that represents delaware news on a mobile phone

Keep up to date by receiving a daily digest email, around noon, of current news release posts from state agencies on news.delaware.gov.

Here you can subscribe to future news updates.