CalWatchdog Morning Read – September 30

by CalWatchdog Staff | September 30, 2016 8:56 am

Happy Friday! It’s also the last day for Gov. Jerry Brown to sign legislation, so expect a flurry of signatures and vetoes.

Thursday had quite the flurry of signatures as well. One of the most consequential measures signed into law yesterday makes it so that most workers in California will be automatically enrolled in a private retirement account run by the state, starting around 2018.

Through a legislative measure, signed into law by Gov. Jerry Brown on Thursday, most workers in the state who don’t have access to an employer-provided retirement plan will automatically join the Secure Choice Retirement Savings Trust[1] through their work, although employees can opt out.

Senate President Pro Tempore Kevin de León, who championed the bill, argued that while anyone already has the option of enrolling in a private account, many are not. 

The legislation also has provisions to block the state and employers from incurring any liabilities associated with the new program. However, critics are unconvinced that enough safeguards are in place.

CalWatchdog[2] has more.  

In other news:

Legislature:

Gov. Brown:

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Endnotes:
  1. Secure Choice Retirement Savings Trust: http://calwatchdog.com/2016/03/29/lawmakers-take-step-toward-retirement-fund-californians/
  2. CalWatchdog: http://calwatchdog.com/2016/09/29/gov-brown-oks-state-run-retirement-plan/
  3. CalWatchdog: http://calwatchdog.com/2016/09/29/measure-curbing-policing-profit-signed-gov-brown/
  4. Los Angeles Times: http://www.latimes.com/politics/essential/la-pol-sac-essential-politics-updates-few-new-rules-on-the-use-of-drones-as-1475190376-htmlstory.html
  5. The Sacramento Bee: http://www.sacbee.com/site-services/databases/article105039246.html
  6. Los Angeles Times: http://www.latimes.com/politics/essential/la-pol-sac-essential-politics-updates-california-single-user-restrooms-to-1475188201-htmlstory.html
  7. The Orange County Register: http://www.ocregister.com/articles/percent-730586-county-trump.html

Source URL: https://calwatchdog.com/2016/09/30/calwatchdog-morning-read-september-30/