BURLINGTON, Vt. (WCAX) – Open enrollment is now underway for a new public retirement initiative.
Vermont Saves establishes a retirement plan for Vermonters currently not offered one by their employer.
Employers with 5 or more employees that do not currently offer a retirement plan must sign up for Vermont Saves by the end of February.
Their employees will be offered a Roth IRA allowing them to save at their own pace.
If you are a business owner already offering a retirement plan, you do not need to sign up for this.