All it will take for Delaware to become the next state to offer a retirement plan that would provide coverage for employees whose employers do not offer one is the stroke of one pen.

The bill, approved by both chambers of the state legislature, now awaits the assent of Gov. John Carney (D).

The Delaware House of Representatives passed HB 205, the measure that would create the Delaware Expanding Access for Retirement and Necessary Savings (EARNS) program, on May 17 in a 35-1 vote. The Senate followed suit on June 21 in a 20-1 vote.

National Association of Plan Advisors