CalSavers Retirement Savings Board
Overseeing the CalSavers Retirement Savings Program
Highlights
About CalSavers
The deadline for registering for CalSavers is December 31, 2025. For a limited time, you have a chance to win $500 if you register early and start facilitating the program by November 30, 2025. 2,000 employers will be randomly selected to win. View official rules.
CalSavers is California’s retirement savings program designed for the millions of Californians who lack a way to save for retirement at their job.
CalSavers was created by legislation passed in 2016 requiring California employers that do not sponsor a retirement plan to participate in CalSavers – an automatic enrollment individual retirement account (IRA) with no employer fees or fiduciary liability. Operating at no taxpayer expense, CalSavers is professionally managed by private sector financial firms with oversight from a public board chaired by the State Treasurer.
Each year, newly mandated employers will receive notifications informing them about their mandate status and will be required to register by the end of the calendar year if they have five or more employees and do not sponsor a retirement plan.
MISSION:
Ensure all Californians have a path to financial security in retirement by providing a simple, portable, low-cost way for workers to invest in their futures.