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House recognizes Delaware Saves Week; lawmaker cites growth in Delaware Earns accounts
Summary
Representative Lambert introduced HCR 30 recognizing Delaware Saves Week, noting Delaware Earns has grown to serve thousands of accounts and reporting recent asset figures, and the resolution was adopted as part of the consent calendar.
Representative Lambert introduced House Concurrent Resolution 30 on April 9, recognizing April 6–12 as Delaware Saves Week and highlighting the state-facilitated retirement-savings program Delaware Earns.
"Keeping with the theme of savings ... this week was established along with the office of the state treasurer, in celebration of the Delaware EARNS legislation, which we all passed a few years ago," Representative Lambert said on the floor. He told colleagues that Delaware Earns had onboarded employers and employees and provided figures showing program growth.
Representative Lambert said, "As of February 1, Delaware Earns has accumulated nearly $1,400,000 across 4,600 funded Roth IRA accounts, helping employers all across the state. As more employees and employers have onboarded to the program, its growth has accelerated, with the total assets having nearly tripled since December 1." He also recognized staff from the Office of the State Treasurer attending on the floor.
House Concurrent Resolution 30 was included on Consent Calendar No. 4 and adopted by voice vote.
