Letter: Program is a good option for small businesses

Small employers in Illinois are looking for ways to support their workforce during these challenging times. With the changing economic environment we're seeing, there hasn't been a better time to start thinking about the future and saving for retirement. One way I'm making sure that my staff is supported is by facilitating access to the Illinois Secure Choice Retirement Savings Program.

The Illinois Secure Choice savings program automatically enrolls employees. Once employees opt in, a small portion of their payroll is deducted and contributed to an investment fund that is overseen by the Illinois Secure Choice Savings Board.

What's more, employers do not contribute to funds, pay fees or have any responsibility for providing financial advice. This removes the onus from small employers like me who simply can't afford or bear the associated burdens of employer-sponsored retirement programs.

Historically, small businesses in the restaurant industry like mine have been unable to provide critical resources like retirement savings, which leaves employees to either figure out ways to save for retirement on their own, or not at all. This is why it's important to be aware of how easy it is to participate in Illinois Secure Choice, as it is beneficial to employee retention and morale.

I encourage small business owners to sign up for the program before its next deadline on Nov. 1.

Jacqueline Clisham

Morris