Strategic Plan

On June 22, 2021 the CalSavers Retirement Savings Board adopted a strategic plan for fiscal years 2021-2024. The strategic plan is the formal framework which the board will follow in guiding the Program through its next phase of development and growth. Read more about our mission, vision, and values in the full report:

Policies

Governing Statute

Regulations

A copy of the regulations governing the CalSavers Retirement Savings Board are included below. Regulations may also be found in the California Code of Regulations. Title 10, Chapter 15, Sections 10000-10008.

The CalSavers Retirement Savings Board recently went through the emergency rulemaking process, filing emergency regulations with the Secretary of State on April 3, 2024, and the regulation changes went into effect on April 10, 2024. The Notice of Approval, Secretary of State-endorsed Form 400, and approved regulation text are included below.

Emergency Rulemaking (posted June 3, 2024)

On June 3, 2024, the CalSavers Retirement Savings Board posted a Notification of Proposed Emergency Rulemaking. The rulemaking would readopt amendments that define “noncompliance”, clarify, and communicate the Board’s penalty enforcement, and establish penalty refund processes. The notice of proposed emergency rulemaking, finding of emergency, and text of regulations amendments are included below:

The regulations file will be submitted to the Office of Administrative Law (OAL) after a period of at least five working days has elapsed. An opportunity to submit public comments will be provided after the file is delivered to OAL. An additional email message will be sent before the public comment period begins.

In order for comments to be incorporated in the public record, they must be submitted to both OAL and the CalSavers Retirement Savings Board within the five-day period. It is requested that email transmission of comments, particularly those with attachments, contain “regulation” in the subject line; to facilitate timely identification and review of the comment.

Comments may be submitted electronically to calsavers@sto.ca.gov or mailed to:

Office of Administrative Law
Re: Emergency Rulemaking for the CalSavers Retirement Savings Program
OAL Reference Attorney
300 Capitol Mall, Suite 1250
Sacramento, CA 95814

Comments to the CalSavers Retirement Savings Board may be emailed to CalSavers@sto.ca.gov or delivered to:

CalSavers Retirement Savings Board
Rulemaking for the CalSavers Retirement Savings Program
P.O. Box 942809
Sacramento, CA 95814

Comments may also be delivered via courier to:

CalSavers Retirement Savings Board
Emergency Rulemaking for the CalSavers Retirement Savings Program
P.O. Box 942809
Sacramento, CA 95815

Regular Rulemaking (posted May 31, 2024)

On May 31, 2024, the Office of Administrative Law published a notice of proposed action in the California Regulatory Notice Register regarding amendments to the CalSavers regulations. The rulemaking will make the temporary amendments to Sections 10000 and 10008 of Chapter 10, Title 15 of the California Code of Regulations, made through the emergency rulemaking process, permanent. The amendments define “noncompliance”, clarify, and communicate the Board’s penalty enforcement, and establish penalty refund processes.

The notice of proposed rulemaking, initial statement of reasons, and text of regulations amendments are included below:

Notice of Proposed Rulemaking

Initial Statement of Reasons

Text of Regulations Amendments

The public comment period has begun and will conclude July 16, 2024. In order for comments to be included in the public record, they must be submitted to the CalSavers Retirement Savings Board within the comment period. It is requested that email transmission of comments, particularly those with attachments, contain “regulation” in the subject line; to facilitate timely identification and review of the comment.

Comments may be submitted electronically to calsavers@sto.ca.gov or mailed to:

CalSavers Retirement Savings Board
Rulemaking for the CalSavers Retirement Savings Program
P.O. Box 942809
Sacramento, CA 95814

Comments may also be delivered via courier to:

CalSavers Retirement Savings Board
Re: Rulemaking for the CalSavers Retirement Savings Program
901 P Street, Suite 313B
Sacramento, CA 95814

Regular Rulemaking (posted September 29, 2023)

On September 29, 2023, the Office of Administrative Law published a notice of proposed action in the notice register regarding amendments to the CalSavers regulations. The rulemaking will make the temporary amendments to Section 10002 of Chapter 10, Title 15 of the California Code of Regulations, made through the emergency rulemaking process, permanent. The amendments change the Eligible Employer registration process to require registrants to provide both the Federal Employer Identification Number and California Employer Payroll Tax Account numbers. This change is proposed to enhance security of employer information and data.

The notice of proposed rulemaking, initial statement of reasons, and text of regulations amendments are included below:

Notice of Proposed Rulemaking

Initial Statement of Reasons

Text of Regulations Amendments

The public comment period has begun and will conclude November 13, 2023. In order for comments to be included in the public record, they must be submitted to the CalSavers Retirement Savings Board within the comment period. Please include the name of the rulemaking “Rulemaking for the CalSavers Retirement Savings Program” in your comments.

Comments may be submitted electronically to calsavers@sto.ca.gov or mailed to:

CalSavers Retirement Savings Board
Rulemaking for the CalSavers Retirement Savings Program
P.O. Box 942809
Sacramento, CA 95814

Comments may also be delivered via courier to:

CalSavers Retirement Savings Board