skip to main content
skip to newscasts

Thursday, November 21, 2024

Public News Service Logo
facebook instagram linkedin reddit youtube twitter
view newscast page
play newscast audioPlay

Federal inquiry traces payments from Gaetz to women; a new Florida-Puerto Rico partnership poised to transform higher-ed landscape; MT joins Tribes to target Canadian mining pollution; Heart health plummets in rural SD and nationwide; CO working families would pay more under Trump tax proposals.

view newscast page
play newscast audioPlay

Transgender rights in Congress, a historic win for Utah's youngest elected official, scrutiny of Democratic Party leadership, and the economic impact of Trump's tax proposals highlight America's shifting political and social landscape.

view newscast page
play newscast audioPlay

The CDC has a new plan to improve the health of rural Americans, updated data could better prepare folks for flash floods like those that devastated Appalachia, and Native American Tribes could play a key role in the nation's energy future.

ME worker retirement program hits major savings milestone

play audio
Play

Monday, July 8, 2024   

Supporters of a new state-sponsored retirement savings program in Maine are celebrating a significant milestone.

More than six months after the launch of the Maine Retirement Investment Trust, or MERIT, enrolled employees have saved more than $1 million.

Alf Anderson, associate director for advocacy and outreach at AARP Maine, said the program was created to help the roughly 200,000 private sector workers without access to a retirement plan at their job.

"You know, one of the most important things for people as they plan for retirement," said Anderson, "is having that financial security to be able to do the things they want to do when they do get to that point in their lives. And so, that milestone was really exciting for us to see."

Anderson said businesses with at least five employees can register with MERIT to help set up savings for workers, who would otherwise seek out an independent financial planner.

More than 1,500 employers have already signed on.

Surveys show more than half of Americans are concerned they won't be able to achieve financial security in retirement.

At least 25 states introduced legislation last year to establish new, state-backed retirement plans.

Anderson said the successful rollout in Maine reveals the urgency people feel about planning for the future due to the high costs of food and housing.

"Do I cut back on my medications?" said Anderson. "Do I not eat a certain number of meals today? Like, it's really frightening to see some of the decisions people have to make."

Anderson said the pandemic didn't help - with even more Mainers facing depleted savings accounts and having only Social Security to fall back on when they reach retirement age.

State officials say MERIT could help Mainers for generations to come, and help reduce reliance on public assistance programs.




Disclosure: AARP Maine contributes to our fund for reporting on Consumer Issues, Health Issues, Senior Issues, Social Justice. If you would like to help support news in the public interest, click here.


get more stories like this via email
more stories
Since its founding, the CCA program has generated more than $2 billion for transportation and infrastructure upgrades, clean air and water initiatives, utility bill rebates, community solar, indoor air quality improvements and more. (Adobe Stock)

Environment

play sound

On Election Day, a broad coalition of conservationists, labor, and others helped defeat a ballot initiative to repeal Washington State's Climate …


Social Issues

play sound

In the wake of Donald Trump's re-election, teachers nationwide are bracing for more censorship battles. Currently, more than 40 laws in 22 states …

Social Issues

play sound

A new annual report shows New York City has more than 146,000 homeless students. The Advocates for Children of New York report finds this is an …


Health and Wellness

play sound

It is National Rural Health Day and experts are flagging research showing increasing health disparities between urban and rural places, including in …

The middle 20% of Americans, families making between $55,000 and $94,000, would face an average tax increase of $1,530 in 2026 under Trump tax proposals. (Adobe Stock)

Social Issues

play sound

President-elect Donald Trump and Republicans in Congress have promised to pass a new tax bill, and a new report breaks down the expected winners and …

Social Issues

play sound

Recent surveys show a majority of North Dakotans want housing that allows them to live independently as they age. But there aren't a lot of suitable …

Health and Wellness

play sound

The mental healthcare landscape in Nebraska is being upended by policies for reimbursing providers who see patients covered by both Medicare and Medic…

 

Phone: 303.448.9105 Toll Free: 888.891.9416 Fax: 208.247.1830 Your trusted member- and audience-supported news source since 1996 Copyright © 2021