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ICI Letter to California Officials Urging Delay on 'Secure Choice' Retirement Plan (PDF)
Investment Company Institute [ICI] 
[Opinion] Mar. 25, 2016 31 pages. "Many of the assumptions and conclusions in the Report ... appear unrealistic or incomplete.... Without additional information about the financial feasibility of the Program, we question how the Board can truly assess the Program, much less recommend it for further action by the California State Legislature. The Program also raises important legal questions ... including the application of [ERISA] and federal securities laws -- [which] have yet to be sufficiently answered." MORE >> |
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