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Pennsylvania Small Business Owners Support a State Retirement Savings Bill

Pennsylvania small business owners agree that state legislators should support Keystone Saves, a privately managed, easy, and low-cost retirement savings option for themselves and their employees, according to a survey commissioned by AARP. 

Well over two-thirds of Pennsylvania small business owners think more should be done to encourage state residents to save for retirement. They say they would likely offer Keystone Saves to their employees (among those small business owners who do not currently offer their employees a retirement savings plan).

AARP is supporting states in their efforts to create and implement a state retirement savings option that would enable small business owners and their employees better prepare for retirement. These public–private managed state programs would be easy for employers to set up with low costs and low risks to the employer and the state.


This survey of 500 small business owners in Pennsylvania with 5 to 100 employees was commissioned by AARP to gauge the support of small business owners in the state for a public–private retirement savings program. The survey was fielded April–May 2022.

For more information, please contact Jennifer Sauer at For media inquiries, please contact External Relations at

Suggested citation:

Sauer, Jennifer. Survey of Small Business Owners in Pennsylvania: Opinions on Keystone Saves Retirement Savings Option. Washington, DC: AARP Research, June 2022.

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