Secure Debt Any Withdrawal In Illinois
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If your employer is required to facilitate Illinois Secure Choice, your employer will register with the program and then you will receive an invitation from Illinois Secure Choice. You will be able to choose to remain in the program or opt out.
Secure Choice is a program administered by the Illinois Secure Choice Savings Board for the purpose of providing a retirement savings option to private-sector employees in Illinois who lack access to an employer-sponsored plan.
You can withdraw your contributions at any time online or by completing a distribution request. 1 Consult with a qualified tax advisor to discuss your particular circumstances. For more detailed information about your Illinois Secure Choice account, go to the Program Details page.
Individuals are eligible for debt relief if they meet the following criteria: Illinois residents. Household income at or below 400% of federal poverty level. (For 2024, this amounts to an annual income of up to $60,240 for a one-person household and up to $124,800 for a family of four)
Secure Choice is a program administered by the Illinois Secure Choice Savings Board for the purpose of providing a retirement savings option to private-sector employees in Illinois who lack access to an employer-sponsored plan.
The Illinois Secure Choice is a mandatory state-sponsored retirement savings program. Employers that do not comply face penalties of $250 per employee for the first year and $500 per employee for each subsequent year.
You can opt out online at saver.ilsecurechoice; by calling (855) 650-6913 Monday through Friday, 8 a.m. – 8 p.m. CST; or by mailing an Opt-out Form to the program.
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