Retirement Plan Growth Concept

The most interesting detail of a new survey from AARP Colorado is that as many as 9 percent of Colorado voters don't think it's important to save for retirement.

The finding -- actually, that 91 percent do think it's important -- was released Wednesday to back up the senior-advocacy group's  support for state legislation aimed at creating an option for those who don't have savings plans through their jobs.

Senate Bill 173 would create a state board appointed by the governor to study a public-private means of helping people set retirement income aside while they're working.

The bill is waiting to be heard by the Senate Appropriations Committee after passing the Finance Committee on a party-line vote on March 14.

Those without retirement savings could have to depend heavily on taxpayers later on, advocates for the bill say.

The left-leaning Bell Policy Center in Denver estimates that for every dollar workers invest in the program it would yield a net savings of $155 later on, citing studies in other states.

"With a payoff of at least $155 for every $1 invested, the studies called for in SB19-173 are a great return on our investment, one we can make now to address the looming crisis we all agree is on the horizon," the Bell Policy Center said in a position paper.

The bill is sponsored by Democratic Sens. Kerry Donovan of Vail and Brittany Pettersen of Lakewood, with Rep. Tracy Kraft-Tharp of Arvada.

(0) comments

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.