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
Dan Walters

Dan Walters

Observations on California and its politics

Dan Walters

August 07, 2016 4:46 PM

Retirement plan for millions of California workers still has issues

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Dan Walters' column appears in dozens of California newspapers. He joined the Sacramento Union’s Capitol bureau in 1975 and in 1981 began writing the state’s only daily newspaper column devoted to California political, economic and social events. He and the column moved to The Sacramento Bee in 1984. Contact him at dwalters@sacbee.com or 916-321-1195. Twitter: @WaltersBee

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