Date: August 8, 2014
Time: 8:15 AM – 9:00 AM
Location: Mall of America Executive Center, 4th Floor
Directions to the Mall of America Executive Center: Enter EAST PARKING RAMP, accessible from 24th Avenue South, and park on the 5th level, New York.Proceed up the short flight of stairs to the skyway to enter the mall. Following the posted signs, head straight toward the elevators, then turn right down the hall. A registration table for the myRA event will be visible to your left, and myRA representatives will be on hand to greet you.
The U.S. Department of the Treasury invites you to join Treasury Under Secretary for Domestic Finance Mary Miller for a discussion regarding Treasury’s retirement security efforts. Under Secretary Miller and Treasury representatives will also share details of the new myRA program—a simple, safe and affordable retirement savings account being developed by Treasury.
This meeting will bring together local employers as well as business, academic and community leaders for an off-the-record discussion. Treasury’s myRA program is designed to help American workers begin saving for their retirement, and will make available starter savings accounts for individuals without access or eligibility to an employer-sponsored retirement savings program. myRA accounts have no fees, will never go down in value, and can be opened with as little as a $5 contribution.
For businesses, making myRA available to employees is straight-forward. Treasury will handle account set-up and maintenance and will provide informational materials for business owners to share with their employees. There is no employer-match or contribution. In fact, all that interested employers have to do is to make Treasury-provided program materials available to their employees and set-up ongoing payroll direct deposits into myRA for interested employees. myRA is intended for employees who do not have access to an employer-sponsored plan or who are not eligible for their employer’s plan. myRA is not intended to replace current employer-sponsored retirement plan offerings.