California Secure Choice

Making Workplace Retirement Savings
Possible for Millions of Californians

 

67%

Are Workers of Color, Almost 3/4 of Which Are Latinos

77%

Work for Small Businesses With Less Than 100 Employees

In California Today

7.5 Million

Californians Work for
Employers Who Do Not
Offer a Retirement Plan

MISSION:

To evaluate the feasibility and make recommendations to the Legislature for a plan to promote greater retirement savings for California’s private-sector workers who currently lack access to employer-sponsored retirement plans. The proposal would enable employees to make an automatic payroll contribution to their personal low-risk, low-cost, portable retirement savings plan. It would encourage participation through automatic enrollment, with the option to opt-out.

SECURE CHOICE GOAL:

To create a workplace retirement savings plan that is: