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 August 23, 2019
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Introducing REvest

Assembly Republicans have introduced REvest (Wisconsin Retirement Investment), a proposal to encourage Wisconsin workers to save for retirement. REvest offers access to a retirement investment plan, funded directly through payroll deductions, for individuals who do not currently have a plan provided by their employer.

With Wisconsin recently enjoying historic record-low unemployment, many Wisconsinites have access to great investment products currently available through their employer. However, only 27% of Americans who have no employer-sponsored plan reported having any retirement savings.

Saving for retirement early is crucial step towards a secure retirement. A person who starts investing $300 per month at age 25 at a 7% interest rate will have more than $1.1 million by age 70. Unfortunately, Social Security benefits may not be enough for many people in Wisconsin to retire comfortably, as the average Social Security benefit is only $1,471.

REvest is intended to encourage Wisconsin workers of all ages to save for retirement without infringing on the important service that the currently available plans provide. The future of Social Security remains uncertain, so it is vital for workers to plan ahead and invest in their own retirement.

As always, I encourage you to follow my updates on social media or contact my office directly with your questions.  Best wishes on your weekend!

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"First Responder of the Year" Nominations

If you know of a First Responder that deserves special recognition, you can nominate them for the "First Responder of the Year" Award. My office will be accepting nominations of police officers, sheriff's deputies, firefighters and EMS providers, both volunteer or paid. 

The nomination can be predicated on a variety of factors including a specific heroic action, a significant professional achievement, community work and/or length of service.

To nominate a local hero for the 26th Assembly District, please fill out the nomination form and email it to my office at Rep.Katsma@legis.wisconsin.gov by September 6th.

 


Sheboygan County Fair.pngSheboygan County Fair

I want to encourage everyone to go out and enjoy the Sheboygan County Fair next week. One of my favorite events of the summer, it has good food, good people and a very competitive cream puff eating contest!

The fair starts on August 29th and goes until Labor Day on September 2nd. I hope to see you there!


Office of Rep. Terry Katsma
State Capitol, Room 306 East
PO Box 8952
Madison, WI 53708

Toll-Free (888) 529-0026 or (608) 266-0656
Rep.Katsma@legis.wisconsin.gov |