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After nearly two years of work, the California Secure Choice Retirement Savings Investment Board approved in March 2016 a slate of recommendations to the Legislature on what a state-managed plan should look like. Those were folded into pending legislation by Senate leader Kevin de León, D-Los Angeles, with the goal of putting a bill to launch the program on Gov. Jerry Brown’s desk this summer. In this debate over initial legislation on Aug. 31, 2012, Republican lawmakers denounced what they called a proposal for a "massive" government program, and Democrats argued a state retirement plan would fill "huge gap" for California residents. Video courtesy the California Channel. Courtesy of California Channel
After nearly two years of work, the California Secure Choice Retirement Savings Investment Board approved in March 2016 a slate of recommendations to the Legislature on what a state-managed plan should look like. Those were folded into pending legislation by Senate leader Kevin de León, D-Los Angeles, with the goal of putting a bill to launch the program on Gov. Jerry Brown’s desk this summer. In this debate over initial legislation on Aug. 31, 2012, Republican lawmakers denounced what they called a proposal for a "massive" government program, and Democrats argued a state retirement plan would fill "huge gap" for California residents. Video courtesy the California Channel. Courtesy of California Channel
Capitol Alert

Capitol Alert

The go-to source for news on California policy and politics

State-managed retirement plan becomes reality with Brown’s signature

September 29, 2016 11:13 AM

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