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Retirement Program Hits 10,000 Enrollees
More than 10,000 private-sector workers have enrolled in Maine’s state-facilitated retirement savings program since it launched statewide a year ago. Combined, those workers have saved more than $8 million, according to state data.
The program, called the Maine Retirement Investment Trust, allows workers without access to a retirement savings plan through their jobs to open a Roth IRA and fund it via automatic payroll deductions.
More Ways to Benefit
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AARP Maine supported the creation of MERIT. Alf Anderson, associate state director of outreach and advocacy, says AARP is pleased with the sign-up rate so far and hopes more workers will enroll as they learn about the program’s benefits. Learn more at meritsaves.org.
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