The Delaware EARNS act is on its way to the governor’s desk. The legislation passed 20 to 0 in the Senate and 35 to five in the House.

EARNS, short for Expanding Access for Retirement and Necessary Savings, would become effective in 2205.
Three-year cost of the program is about $1 million. Delaware would join more than a dozen states that offer similar programs.

The program would be offered to employees who are not covered by an employer 401(k) retirement savings plan.

Delaware Business Now