NEW CASTLE, Del.–Delaware Gov. John Carney signed the Expanding Access for Retirement and Necessary Saving Program Act (EARNS Act) into law at an event at which one credit union CEO was present.
Some members of the Delaware General Assembly who sponsored House Bill No. 205 joined the governor and other supporters of the EARNS Program for the signing event at the MeJah Community Bookstore in Claymont, Delaware.
Del One noted the Act is intended to provide U.S. workers who lack access to traditional workplace retirement savings plans with an option to sign up for a state-sponsored retirement plan.
“According to research estimates, there are approximately 150,000 workers in Delaware who do not have access to employer-sponsored retirement plans,” the credit union said.
“The EARNS Act is a tremendous win for all workers not covered by employer-sponsored retirement plans, by allowing them access to a program that will enable them to retire with assurance and peace of mind,” said Del-One FCU President Ron Baron.
According to the legislation, the EARNS Program should begin to accept covered employees’ contributions starting January 1, 2025.
From left, below: Del-One President/CEO Ron Baron, State Senator Nicole Poore, State Representative Larry Lambert, State Treasurer Colleen Davis, State Representative Deb Heffernan, and State Representative Val Longhurst.
Named a Top Workplace
Separately, Del-One has been honored as a Top Workplace through USA Today and the News Journal’s Top Workplaces in Delaware awards. Del-One teammates were given an anonymous survey measuring qualities such as company leadership, communication, career opportunities, working environment, managerial skills, pay and benefits.
“I am proud and honored that Del-One has been recognized as a Top Workplace for 2022,” said Baron. “This amazing recognition is a result of our teammates and the culture they have created in supporting and celebrating each other. Del-One prides itself in putting teammates and members first, and it brings me so much joy to know that our efforts in being a top-tier employer are making an impact.”
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