Delaware EARNS Program Moves Forward, Open to Interstate Cooperation
To ensure workers have the highest quality choice when it comes to retirement savings, the Office of State Treasurer will explore an interstate collaboration for the Delaware Expanding Access for Retirement and Necessary Savings (EARNS) Program. The EARNS Program board, voting unanimously at its July 13 public meeting, authorized the Treasurer’s office to evaluate entry […]
Local Forums Underway on Delaware EARNS
State Treasurer Colleen Davis led the first in a series of public forums to spread the word about the benefits of Delaware EARNS, an upcoming program that will provide workers and employers with access to low-cost retirement savings plans, beginning in January 2025. The Delaware NAACP, the Metropolitan Wilmington Urban League, and the Police Athletic […]
State Treasurer Colleen Davis Statement on Governor’s Recommended Budget
“Governor Carney’s proposed budget for fiscal year 2024 represents a comprehensive spending plan for today, while preserving valuable assets for the future. Our office continues to focus on three main priorities: bolstering retirement security and readiness, creating pathways to economic empowerment, and promoting a culture of financial excellence. I want to thank Governor Carney for […]
Lawmakers Approve Treasurer’s Retirement Legislation
Delaware EARNS is a “secure choice” program that amounts to State-facilitated, universally available retirement savings plans, providing a convenient way for all workers to save for retirement, particularly middle and low-income workers who lack access to employer-sponsored plans and small businesses that are unable to provide such a benefit.
State Treasurer Colleen Davis Brings Forth Landmark Retirement Program for Delaware
Delaware EARNS would stem savings crisis More than 200,000 Delaware workers currently lack access to an employer-sponsored retirement program, meaning they have no effective way to save for the future. Bi-partisan legislation introduced in the Delaware House of Representatives creating the Delaware Expanding Access for Retirement and Necessary Savings (“EARNS”) program could reverse that trend. […]
