Bill establishes retirement program for private sector workers

Posted On: Jan. 27, 2021 10:41 AM CST

The Virginia House of Delegates has passed a bill that would establish the VirginiaSaves retirement program for private sector employees who cannot establish a savings plan through their employer, WRIC reports. The House Bill 2174, which was introduced by Del. Luke Torian (D-Prince William), would be an automatic enrollment Individual Retirement Account through Virginia 529.