California Secure Choice

Making Workplace Retirement Savings
Possible for Millions of Californians

 

66%

Are Workers of Color, Almost Half of Which Are Latinos

figure representing workers of color

66%

Work for Small Businesses With Less Than 100 Employees

figure representing small business employees

In California Today

7.5 Million

Californians Work for
Employers Who Do Not
Offer a Retirement Plan

MISSION:

To recommend to the Legislature a plan to promote greater retirement savings for California’s private-sector workers who currently lack access to employer-sponsored retirement plans by providing access to a voluntary, low-risk, low-cost, portable retirement savings plan that encourages participation through automatic enrollment — with the option of opting out — and enables direct payroll contributions.

 

SECURE CHOICE GOAL

To create a workplace retirement savings plan that is:

Safe, Simple, Portable