WASHINGTON — Bloomfield-based Cigna is the latest American company saying it is giving its workers a raise because of the recent GOP-led tax overhaul.
401(k)
Posted inPolitics
401(k) plans in play as GOP moves ahead on tax overhaul
WASHINGTON — As Congress took a major step towards a massive tax overhaul on Thursday — with no help from Connecticut’s Democratic lawmakers — the future of the popular 401(k) retirement plan was in question. Key GOP lawmakers want to offset some of their proposed tax cuts by limiting the maximum pre-tax contribution to workplace saving plans such as the 401(k). That could make big changes in they way Americans save for retirement.
Posted inMoney, Politics
Should state offer a retirement savings plan for the private sector?
The partisan debate heated up Thursday at the Capitol over whether state government should administer a retirement savings program for private-sector employees.