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.

The Recommendations were given to the Legislature March 28, 2016 and are now in SB 1234 authored by Senate President Pro Tem Kevin De Leon. 

 

SECURE CHOICE GOAL

To create a workplace retirement savings plan that is:

Safe, Simple, Portable