MILWAUKEE, Wis. – State Treasurer Sarah Godlewski brought Governor Evers’ Retirement Security Task Force to Milwaukee today to hear directly from small business owners and individuals about the barriers they face in saving for a financially secure retirement. The listening session took place at the Milwaukee Urban League in Milwaukee, with a formal task force meeting taking place afterwards. This is part of a broader effort by the State Treasurer to hear directly from Wisconsinites on what can be done to address the retirement crisis.
“Before we can truly develop solutions as a task force, we need to hear from Wisconsinites first-hand on the challenges they face when it comes to saving for a financially secure retirement,” said Treasurer Godlewski. “People work their entire lives and deserve the chance to not have to worry about going into poverty later in life.”
In addition to in-person testimonies, the agenda for the task force meeting included a presentation on a poll of 501 Wisconsin small business owners by AARP Wisconsin. Key findings from their report show that 70% of small business owners think more should be done to encourage Wisconsin residents to save for retirement, and 80% agree retirement savings options help small business attract employees and stay competitive.
“Our small business owners employ nearly half the workforce here in Wisconsin,” said Treasurer Godlewski, “So when they are concerned about their personal savings and their employees, we need to step up to the plate and offer solutions that work for them.”
Hard-working Wisconsinites deserve peace of mind when it comes time to retire, and we risk the long-term financial health of our state if no action is taken. Leading the Retirement Security Task Force, State Treasurer Godlewski is working to build a greater understanding of the challenges people face and bring pragmatic solutions to the table. The Task Force will be presenting their report to the Governor’s office in August.