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New state-run IRA for private sector opens July 1: ” If they don’t opt out in 30 days, they are automatically enrolled”

New state-run IRA for private sector opens July 1: ” If they don’t opt out in 30 days, they are automatically enrolled”

      By Ed Mendel  ” If they don’t opt out in 30 days, they are automatically enrolled” A new state workplace retirement savings program, CalSavers, will open to an estimated 250,00 to 300,000 employers on July 1 — offering an automatic IRA payroll deduction for the 7.5 million California workers with no retirement […]

California Retirement Savings Program Now Called CalSavers 

California Retirement Savings Program Now Called CalSavers 

SACRAMENTO – State Treasurer John Chiang today announced that the Secure Choice Retirement Savings Program, which will provide retirement security to nearly 6.8 million private sector workers, has a new name: CalSavers. “The name CalSavers truly reflects what this program is all about — providing an opportunity for millions of Californians to easily save for retirement […]