Free webinar planned regarding CalSavers program
Jun. 18—Businesses in
CalSavers is the state's retirement savings program designed for the millions of Californians who lack a way to save for retirement at their job, said
"The webinar will give participants an overview of the program with an opportunity to ask questions," Sanders said. "This will eventually affect all businesses with five or more employees."
Passed by legislators in 2016, CalSavers requires employers who do not offer an employer-sponsored plan and have five or more employees to facilitate the program, which involves an automatic enrollment in an individual retirement account (IRA) with no employer fees or fiduciary liability. The program is professionally managed by private sector financial firms with oversight from a public board chaired by the State Treasurer.
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The free webinar is planned for
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(c)2021 the Appeal-Democrat (Marysville, Calif.)
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