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His office said it’s partnering with Connecticut for the new “RISavers” program, which will create a Roth individual retirement account (IRA) for those who don’t have a retirement savings plan from their employer. The program, which will be administered with Vestwell State Savings, starts as a pilot in spring 2025 before the full rollout.
“Since the launch of Connecticut’s program in 2022, we have helped tens of thousands of residents begin saving, and I look forward to Rhode Islanders having the same opportunity,” Scanlon said.
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