Treasurer John Chiang and Senate Leader Kevin de Leon Vow to Fight for Californians’ Right to Retirement Security
State Treasurer
Earlier this month, the
Regardless, the California Secure Choice program stands on firm legal and statutory ground and will proceed without delay.
"
The Secure Choice Retirement Savings Investment Board hired the law firm
"This legal opinion affirms what we've been saying all along--
The Treasurer has consulted with legislative leaders and legal counsel and said he is "confident that
Secure Choice, which was signed into law by Gov.
The Secure Choice plan enables employees to save for retirement through payroll contributions. The program will be self-sustaining through participant fees and will impose a minimal cost to employers and no cost to taxpayers.
The mandate for employers to make the program available to their employees will not become operative for at least two years and will be phased in over a three-year period based on the number of employees in a firm.
For more news, please follow the Treasurer on Twitter at @CalTreasurer, and on Facebook at California State Treasurer's Office.
Senate Leader de Leon's website can be visited here: http://sd24.senate.ca.gov/
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