Delaware
Delaware EARNS officially opens for enrollment
WILMINGTON — Delaware EARNS, the state-sponsored retirement plan, officially opened for enrollment on July 1 with hopes of bridging the state’s retirement savings gap.
Two years after legislation passed to establish the Delaware Expanding Access for Retirement and Necessary Saving program, or DE EARNS, employers with five or more employees —regardless of full-time or part-time status — now have to sign up and provide a retirement plan option.
Administered by New York based Vestwell State Savings, Delaware EARNS is structured as an automatic payroll deduction which is put into an Roth individual retirement account. Based on federal rules, there are annual contribution limits for how much an employee can put into an IRA. Those under 50 years of age can save up to $7,000 in their IRA while those over the age of 50 can save up to $8,000. Lower limits may be applied depending on various tax situations.
The program is funded by employees and facilitated by employers; employers can opt out if they offer their own plan like a 401(K). The deadline for employers to opt out or enroll is Oct. 15.
For the past year, the Delaware State Treasurer’s Office has been on an information campaign throughout the state and spent time meeting with several local chambers of commerce on how the program works. Colleen Davis, the state treasurer, once estimated that there are between 150,000 to 200,000 Delawareans who have not been offered a retirement plan through their employer.
Most of those employees were considered in the low and low-to-moderate income bracket. The National Compensation and Benefits Survey also found that 54% of Delaware employers do not offer retirement plans.
“The reason why the treasurer’s office got involved in this issue is that we’re facing a retirement savings crisis,” Delaware EARNS Program Director Ted Griffith said. “We have many workers that aren’t saving anything, and it’s not a problem unique to Delaware. But we can help do something about it by giving them access to start that fund through work. There’s research that shows that if someone does have a retirement plan that can contribute to payroll, they’re 15 times more likely to start one.”
Griffith also said it’s a societal issue as well as a workplace issue. With Delaware’s senior population continuing to rise, the Pew Charitable Trust and Econsult Solutions Inc. found that the state was on track to spend an additional $55 million per year over the next 20 years on programs like Medicaid due to insufficient savings.
“Not only can we help create a pathway to help people be more self-sufficient and financially empowered, we’re reducing the burden on the state over time,” he said.
Delaware is one of a few that has mandated retirement plans at various stages, either active or in the process of development. Colorado was among the first, and surrounding states like Virginia and New Jersey have also opened enrollment for similar plans, RetirePath Virginia and RetireReady NJ, respectively.
The First State has also joined a consortium of states, led by Colorado, to maximize Delaware EARNS’ potential to pool resources when it comes time to set up these programs to work. That can translate to savings for the account holders.
While it’s still early, Delaware EARNS has about 12 employers already enrolled as part of a pilot program. Based on projections done by the Pew Charitable Trust, it’s anticipated that 3,900 employers and almost 39,000 employees will be enrolled in the program.
“We’re excited for the future, because not only will this help the savings gap, it’ll help with the wealth gap,” Griffith said. “It’s going to give Delawareans who may not have a chance to invest a way to do that.”
Delaware
Deadly shooting outside Wawa in Delaware County sparked by argument: police
COLLINGDALE, Pa. – One woman was killed and another in custody after an argument took a deadly turn in a Delaware County town this weekend.
Police say an officer saw a victim on the ground while he was driving through a Wawa parking lot on MacDade Boulevard in Collingdale.
They had received several 911 calls from witnesses at the scene Saturday evening.
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Police say the shooting stemmed from a dispute between two female customers who did not know each other. The cause of the argument has yet to be released.
The victim was reportedly a passenger in her friend’s car.
No charges have been announced, but the suspected shooter’s car was being held for search warrant.
Several local officials responded to the scene, including the mayor and councilwoman.
Delaware
Woman shot, killed by another woman after argument outside of Delco Wawa on Saturday
An investigation is underway into a deadly shooting outside of a Wawa store in Delaware County, according to officials with the Collingdale Police Department.
It happened at the Wawa on the 900 block of MacDade Boulevard in Collingdale on Saturday, Oct. 5, officials said.
Police told NBC10 that an argument between two women outside of the Wawa led up to one woman shooting the other.
The identities of the people involved have not been revealed yet.
This is a breaking news story. Check back here for updates.
Delaware
Delaware Park picks and analysis: October 5, 2024 * The Racing Biz
Picks and analysis for this afternoon’s card from Delaware Park:
- DATE: October 5, 2024, 12:30 p.m. first post
- RACES ON CARD: 8
- CARRYOVERS: None
- POST TIME: 12:30 p.m.
RACE 1
1. Miti Fast Flower
Absolutely spread-eagled the field in last-out win – the 5th place finisher was more than 30 lengths back
4. Luminous Ruler
Second start in Simone barn
5. Ms. Lady T
Excuses in latest
RACE 2
5. Lantern’s Candy
Thrashed similar last out and has won three of five
4. Viking Queen
Rallied nicely while never a threat to top choice
6. Vodkatini
Time away seems to have done her some good
RACE 3
5. Castellana | Clunker in latest but return to best would see this one in front early |
9. Nami | Bit of seconditis: second or third in 10 of 23 starts but only two wins |
4. Boh’s N O’s | Blinkers on for a runner who has some pretty good efforts on the page |
CHECK OUT THE LATEST OFF TO THE RACES RADIO!
RACE 4
3. Coronova
Has kept better company and should be well spotted early
6. Big Big Star
Didn’t miss by much versus similar in latest
2. Hendrickson
Second start in the Allard barn
10. Sir Mendel
Last was poor, but return to better form puts him right there
RACE 5
1. Minxzluckystarfyre
Consistent sort shortens up to less than a mile for the first time in four starts; hard-hitting Magee barn 27% going route to sprint
2. Justinspeightofit
Huge fig in latest; a repeat wins here, but that was a career-top Beyer for a 9yo making his 71st start
6. Bright Forecast
Gets reunited with Mena, whose three mounts netted a win and two seconds
RACING NOTES
- Jockey Jose Batista was the only rider to win twice on Friday, guiding Greyzer ($5.40) to win a starter allowance easily in race five for trainer Karla De Jesus and then, two races later, piloting Street Glide ($5.80) to a just-in-time allowance win for trainer Juan Arriagada…
- On a chalky day, all three Pick 5s paid out, with the early P5 returning all of $56.40. The middle pick 5 was the best of the bunch, paying $653.85…
RACE 6
2. Above the Limit
Should have the front to herself early
4. Up for It
Arrives off a win and will look for a stalk-and-pounce trip
9. Eight Danzas
Veteran has kept better company but mostly going two turns
RACE 7
3. Antigravity
Yes, he was well-beaten in the Iselin, but that was a rugged group that included multiple graded winner Il Miracolo and next-out Grade 1 winner Subsanador; no horses like that are lining up here; won at the N2X level two back
1. Boss Logic
Delaware lover never worse than third here in nine tries; might be able to grab the front here
6. Celestial Moon
Feels like a vote of confidence to move this one up the ladder; has plenty of back class
RACE 8
3. Practical Coach
Pace could be lively in this heat, and this one’s ability to relax and then pounce could make the difference; arrives on two-race win streak
1. He’s in Charge
Speedster might have to commit to the front with rail draw; has been ultra-competitive at this level for leading trainer
7. Magnificent Ride
Will be outfooted early but should be gaining late
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