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SCOTUS skeptical that state abortion bans conflict with federal health care law; Iowa advocates for immigrants push back on Texas-style deportation bill; new hearings, same arguments on both sides for ND pipeline project; clean-air activists to hold "die-in" Friday at LA City Hall.

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"Squad" member Summer Lee wins her primary with a pro-peace platform, Biden signs huge foreign aid bills including support for Ukraine and Israel, and the Arizona House repeals an abortion ban as California moves to welcome Arizona doctors.

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The urban-rural death divide is widening for working-age Americans, many home internet connections established for rural students during COVID have been broken, and a new federal rule aims to put the "public" back in public lands.

AARP Survey: VA Lawmakers Should Back Public-Private Retirement Savings Plan

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Thursday, February 1, 2018   

RICHMOND, Va. — A survey by AARP shows a vast majority of Virginians have something in common: They don't feel financially prepared for retirement.

The telephone survey conducted in January of registered Virginia voters ages 18-64 who are in the workforce found that many workers don't believe they've saved enough for retirement - and 55 percent believe they are too far behind schedule to even afford the rising costs of retirement.

Jim Dau, state director of the Virgina AARP, said the survey also shows that most agree lawmakers should do more to help ease those concerns by creating a public-private retirement savings plan.

"Today in the House of Delegates, a key subcommittee is going to be voting on legislation that will take one important procedural step, which is to commission a study conducted by Christopher Newport University that would determine the feasibility, look at how the mechanics behind how Virginia could implement a plan like this,” Dau said.

House Rules Subcommittee Number 1 meets at 5 p.m. and will consider HJ 103.

Dau said while 76 percent of respondents with workplace savings options make regular contributions to their retirement plans, nearly 1-in-4 voters in the survey did not have access to a plan in which they could make a retirement contribution - though an overwhelming majority said they would if they had the chance.

"Being able to live with some degree of independence and comfort when you're retired is going to be difficult for people that do have access to those workplace savings options,” Dau said. “It's going to be almost impossible for about 1.3 million Virginia workers who do not have access to something like a 401-K or a pension."

A report released by AARP Virginia in 2016 found that a "10 percent increase in net worth among retirees could save taxpayers as much as $326 million through 2030 in reduced costs of government-funded benefits to retirees in Virginia without sufficient resources."


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