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Bill Would Order CalPERS to Offer IRAs to All Californians Working in the Private Sector
San Francisco Chronicle Apr. 13, 2008 Excerpt: A bill in the state Assembly would require the California Public Employees' Retirement System, the mammoth pension fund for government workers, to offer individual retirement accounts for private-sector employees. The goal of the bill, AB2940, is to increase retirement savings among the vast number of people who have no plan at work and don't have the will or skill to open an IRA on their own. |
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