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We’ve all heard it before: The best time to start saving for retirement was yesterday.

But many workers, particularly young, low-income and part-time workers, are more likely to not have a retirement plan through their jobs.

Nearly half of private sector employees ages 25 to 64 in Kentucky work for a company that does not offer a retirement plan. That’s approximately 566,780 people, according to a new report from the left-leaning Kentucky Center for Economic Policy.  

“States are needing to step in,” says Ashley Spalding, research and policy associate at the center. 

Spaulding authored the study, which recommends a state-sponsored plan that would automatically deduct savings out of a worker’s check.

For months, Kentucky lawmakers have been studying how to handle Kentucky's underfunded pension system. But the problems of the system have been occurring for longer than just a few months. Various proposals are on the table, but lawmakers may not have much time to come to a compromise.

Many people facing retirement are finding that its difficult to predict how much money they will need to cover rising costs for food and gasoline after they retire. The WKU Human Resources Department has scheduled a series of meetings next week to help employees plan ahead for the future.  We hear from  Kari Aikins of the WKU Human Resources Department..........