Monday, June 27, 2022
78.7 F
Oxnard
More

    Latest Posts

    United States Socialist Republic book by HG Goerner

    United States Department Of Justice Agrees That CalSavers Program Is Illegal

    Sponsored - Job Posting

    We are a small but mighty business in Ventura, CA specializing in Civil/Agricultural Engineering and Land Surveying. Going strong for over 35 years. Looking for motivated team players for immediate hire. Candidates must have at least 3 years of experience in Civil Engineering, Land Surveying, and AutoCAD Civil 3D. Must want to grow with the company. For the right person, management potential. Wages will depend on experience. Benefits include paid holidays, matching retirement plan & much more. Send resumes to: [email protected]

    YCE, Inc. is an Equal Opportunity Employer. Tel: 805-650-6995www.YCEinc.com

    Today (13) the United States Department of Justice filed a “Statement of Interest” in the U.S. District Court agreeing with the Howard Jarvis Taxpayers Association (HJTA) in its legal action against California’s so-called “CalSavers” program. Originally called “Secure Choice,” CalSavers is a state-run retirement plan for private-sector employees. HJTA contends that it is an illegal program that leaves taxpayers, businesses and private sector employees exposed to unnecessary costs and risks.

    “We are very pleased that the United States Department of Justice agrees with our core position that the program is facially invalid under the federal Employee Retirement Income Security Act (ERISA).” said HJTA president Jon Coupal.

    He added, “There is no need for this program. Private employees already have access to Social Security which is backed by the Full Faith and Credit of the federal government. Moreover, individual retirement accounts (IRAs) are easy to set up. Given the poor performance of CalPERS and CalSTRS, both in terms of investment performance and governance, why would we give state politicians and bureaucrats access to another pension program?”

    The case is currently pending in the United States District Court for the Eastern District of California.


    Get Citizensjournal.us Headlines free  SUBSCRIPTION. Keep us publishing – DONATE

    - Advertisement -
    0 0 votes
    Article Rating
    Subscribe
    Notify of
    guest
    0 Comments
    Inline Feedbacks
    View all comments

    Latest Posts

    advertisement

    Don't Miss

    Subscribe

    To receive the news in your inbox