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California State-Run Retirement Savings Plan Ready to Launch
Calpensions
Nov. 5, 2018
"CalSavers is scheduled to launch a pilot Nov. 19 for an on-the-job retirement savings plan, formerly known as Secure Choice ... Employers with five or more employees, who do not offer a retirement plan, will be required by state law to offer the CalSavers plan to their employees ... Employees can opt out. After the pilot and the voluntary period beginning next July 1, employers with 100 or more employees must register with CalSavers by June 30, 2020, employers with 50 to 99 employees by June 30, 2021, and employers with 5 or more employees by June 30, 2022."
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