Tag "secure choice"
Back to homepage
Secure Choice retirement program up against powerful federal law
An unprecedented state law meant to create 401(k)-style retirement accounts for millions of private-sector workers in California now faces a daunting obstacle to ever being implemented: one of the most powerful federal laws on the books. Under the state law
Read More
Congress could nix California retirement program
The House of Representatives voted to axe California’s planned retirement savings program, throwing the future of it and similar efforts around the country into serious doubt. “Despite a plea from California Gov. Jerry Brown, the state’s GOP representatives voted
Read More
Does the Secure Choice state-run retirement plan guarantee against taxpayer bailouts?
Arguably the biggest selling point for Secure Choice — the state-run, automatic retirement account measure signed into law last month — is the promise that taxpayers won’t be on the hook in the event of a loss. The law has several
Read More
State-run retirement program may massively expand federal equivalent
State officials in charge of implementing a new state-run retirement program are considering using the federal MyRA program temporarily, which would be a big boon to President Barack Obama’s struggling initiative. The MyRA program is one of a few possibilities being
Read More
Gov. Brown OKs state-run retirement plan
Starting around 2018, most workers in California will be automatically enrolled in a private retirement account run by the state. 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
Read More
CalWatchdog Morning Read – August 26
Everyone is CA could have savings soon Farmworker overtime bill falls flat on its face Ferrets still illegal in CA Bill to lure low-income housing developments passes Senate Stanford rape case judge facing recall is no longer on criminal cases
Read More
Assembly approves bill establishing state-run retirement accounts for all
A savings-for-all plan passed the Assembly on Thursday that, if signed into law, will automatically enroll many employees into a state-run individual retirement system. Secure Choice, if implemented, would require employers of five or more people to automatically enroll employees
Read More
Lawmakers take step toward retirement fund for all Californians
State policy makers on Monday inched closer to a state-run retirement system for workers who don’t have access to employer-run accounts. Secure Choice, if implemented, would require employers of five or more people to automatically enroll employees into portable retirement
Read More