California Secure Choice Retirement Savings Investment Board

History

2012

  • Enabling legislation authored by Senator Kevin De León is approved.
  • Legislature places new program in the State Treasurer's Office
  • A nine-member board, chaired by the State Treasurer, is created to study the legal, market, and financial feasibility.

2013

2014

  • Board raised $1 million from private contributions.

2015

  • Board contracts with experts for studies

2016

  • Study finds Secure Choice is feasible.
  • Legal work remains ongoing with respect to SEC issues.
  • Implementing legislation, SB 1234, introduced by Senator De León.