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New Program Helps California Workers Without Retirement, 401 (k) Retirement Savings




  In California, 61% of private sector employees have no pension or 401 (k) access. (Credit: Michael Robinson Chavez / Los Angeles Times)

In California, 61% of private sector workers have no pension or 401 (k) access. (Credit: Michael Robinson Chavez / Los Angeles Times)

Are you an employee worried about not having enough money to withdraw?

Are you an employer who does not offer either pension or 401 (k) to your workers?

If so, CalSavers is targeting you.

On July 1, California launches an ambitious state-sponsored private sector retirement program. All employers with five or more employees will be required to sign in if they do not offer their employees a way to save and invest for retirement. As many as 300,000 businesses must adhere to the next three years.

Read the full story of LATimes.com.



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