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Update on CalSavers Retirement Savings Program!

Thursday, July 11, 2019   (0 Comments)
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Update on CalSavers Retirement Savings Program!
 
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This program is for private sector workers whose employers don't offer a retirement program. The program opened voluntarily for employers on July 1, 2019.
 
The program becomes mandatory per the following:
  • June 30, 2020 for employers with more than 100
    employees.
     
  • June 30, 2021 for employers with more than 50 employees.
     
  • June 30, 2022 for employers with more than 4 employees.
Employers must register with the program, and you will need some lead time to get all the information and processes up to speed by the deadline. Employers may also implement a qualified retirement program before the deadline, if they want to offer a different option than CalSavers to their employees.
 
You can get more information by clicking here
 

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