HB 1235, Colorado Retirement Security Task Force

SIFMA members have a strong presence in Colorado, where they provide services to investors and retirement plans, including advisory services, investment opportunities and plan recordkeeping.

We appreciate the opportunity to provide feedback on HB 1235, legislation that would create a Colorado Retirement Security Task Force. We applaud the bill sponsors for recognizing that there is a retirement savings challenge in this country and for wanting to identify the roots of the problem. We, however, have serious concerns with the legislation focusing the remedy on a state run retirement savings plan for private sector workers.