Delaware passes law to create state-sponsored retirement program

Delaware Gov. John Carney signed a bill into law Thursday that establishes a state-run retirement program for workers who don’t have access to an employee-sponsored retirement plan.

The legislation, known as the Delaware EARNS (Expanding Access for Retirement and Necessary Savings) Act, requires businesses with more than five employees that don’t offer a retirement plan to participate in the program.

Pensions and Investments