CalWatchdog Morning Read – August 26

by CalWatchdog Staff | August 26, 2016 8:55 am

Good morning. TGIF. As we trudge through the few days left in the legislative session, each day brings plenty of action. On Thursday, a savings-for-all plan passed the Assembly that, if signed into law, will automatically enroll many employees into a state-run individual retirement system.

Secure Choice[1] would require employers of five or more people to automatically enroll employees into portable retirement accounts, with an opt-out clause for the individual.

Proponents of the measure say that while everyone already has the option of investing in a wide variety of retirement accounts, they aren’t — the approximately 7 million people in the state who don’t have employer-based retirement accounts need to be nudged into planning for the future.

CalWatchdog[2] has more.

In other news:



Gov. Brown:

Tips: [email protected]

Follow us: @calwatchdog @mflemingterp

New follower: @MelodyGutierrez

  1. Secure Choice:
  2. CalWatchdog:
  3. The Sacramento Bee:
  4. CalWatchdog:
  5. Los Angeles Times:
  6. The San Jose Mercury News:

Source URL: