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2017: New Year, New Retirement Requirements for California Employers
Paul Hastings LLP
Oct. 18, 2016
"The [California Secure Choice Retirement Savings Program] is slated to take effect January 1, 2017, and will include one or more payroll deduction IRA arrangements, assuming California can act quickly enough to satisfy certain preconditions.... Other than imposing another deduction requirement on certain employers ... the law does not appear to place too much of a burden on employers ... [The authors] expect that January 1, 2017 is an overly optimistic goal and would not be surprised to see that date slip."
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