BizFed votes to engage on statewide pension mandate on small businesses

CA Secure Choice Retirement Savings Program will mandate an employer facilitated retirement plan for all employers with five or more employees who do not already offer a qualified plan. The BizFed Board voted to:

  1. Engage with state leaders who are developing the Secure Choice program.
  2. Request a formal analysis of the proposal from the Legislative Analyst’s Office.
  3. Raise strong concerns about the direction of the program.
  4. Consider a final position on the issue once program details are known.

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