Please ensure Javascript is enabled for purposes of website accessibility Help ensure a comfortable retirement, police officers are only human, pass Maine health care package | #retirement | #elderly | #seniors – Active Lifestyle Media

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Retirement NewsHelp ensure a comfortable retirement, police officers are only human, pass Maine health care package | #retirement | #elderly | #seniors

Help ensure a comfortable retirement, police officers are only human, pass Maine health care package | #retirement | #elderly | #seniors

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Letters submitted by BDN readers are verified by BDN Opinion Page staff. Send your letters to letters@bangordailynews.com.

Help ensure a comfortable retirement

One of the lessons that you learn as you get older is that while the Social Security retirement check is a solid base to meeting your monthly cost of living in retirement, it is far from sufficient in meeting all the costs of living while retired. Working households in Maine have an average of $2,500 saved for retirement expenses. Over 200,000 working Mainers do not have access to a retirement saving plan through their employer. Workers are 15 times more likely to participate in a retirement savings plan if they can do so through their employer.

LD 1622, if enacted, will bring the opportunity to participate in a savings plan to Maine workers. The plan that they could choose to participate in has been adopted by several other states across the country. AARP is supporting this legislation because an economic cushion can go a long way towards making life in retirement a much more pleasant experience. Saving a little bit every paycheck over a lifetime of work is the easiest way to ensure a comfortable retirement.

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