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