New California Law That Will Make Retirement Savings a Possibility for 7 Million Workers

California Governor Jerry Brown recently signed the California Secure Choice Retirementwoman-save-money Savings Program bill into law which will allow workers in California to access state-run Individual Retirement Accounts (IRAs). The new law requires all California companies with at least five employees to enroll their workers if they do not offer their own retirement savings plan.  It is estimated that more than half of California’s private-sector employees do not currently have access to a workplace retirement plan. This translates to almost 7 million of California’s workers who will now become eligible for the program.  Read more…