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Illinois Program Could Reduce Use of Food Stamps, Medicaid

July 16, 2018 - 10:26 am

ST. LOUIS (KMOX) - A new state program will automatically deduct money from the paychecks of about 1.2 million Illinois residents for a retirement savings plan.

State Treasurer Michael Frerichs says the move could reduce the use of food stamps, Medicaid, and other publicly-funded programs.

"Illinois Secure Choice" is being phased-in more than three years after becoming law.