What benefits does the program offer and why was it created?
Nearly 940,000 Colorado workers lack access to a qualified retirement savings plan at work. To address this urgent need, the Colorado Legislature passed a law that created Colorado SecureSavings to make it easier for more workers to save for their retirement. The program uses automatic enrollment and savings through payroll deductions to help employees save. Eligible employees can opt out if they don’t want to participate or prefer to save another way.