Policies

Strategic Plan

On June 25, 2018 the California Secure Choice Retirement Savings Investment Board adopted a strategic plan for fiscal years 2018-2021. The strategic plan is the formal articulation of the Board’s purpose and plan for the launch and administration of the CalSavers Retirement Savings Program. Read more about our mission, vision, and values below:

Governing Statute

Regulations

The California Secure Choice Retirement Savings Investment Board adopted regulations to implement, interpret, and make specific the rules, policies, and procedures for the CalSavers Retirement Savings Program. The regulations were adopted using the emergency rulemaking process and took effect November 19, 2018. The final text of the regulations is included below:

Regular Rulemaking Documents (as of March 1, 2019)

On March 1, 2019 the California Secure Choice Retirement Savings Investment Board issued a Notice of Proposed Rulemaking Action to adopt permanent regulations. The 45-day public comment period will close at 5:00 P.M. April 15, 2019. Written comments can be submitted by email to CalSavers@sto.ca.gov or by mail to either of the following addresses:

Regular Mail
California Secure Choice Retirement Savings Investment Board
Re: Rulemaking for the CalSavers Retirement Savings Program
P.O. Box 942809
Sacramento, CA 95815

Courier Delivery
California Secure Choice Retirement Savings Investment Board
Re: Rulemaking for the CalSavers Retirement Savings Program
915 Capitol Mall, Suite 105
Sacramento, CA 95814

A public hearing on the proposed regulations is scheduled for 1:00 P.M. April 15, 2019 at 915 Capitol Mall, Room 587, Sacramento, CA 95814. The Notice of Proposed Rulemaking Action, Initial Statement of Reasons, and text of the proposed regulations are included below. Please see the Notice of Proposed Rulemaking Action for more information about the regulatory process.

Readoption of Emergency Regulations

The California Secure Choice Retirement Savings Investment Board is proposing to readopt the emergency regulations approved November 19, 2018. After a period of five-business days, the Board will file the rulemaking file with the Office of Administrative Law, beginning a five-day public comment period. Prior to the start of the period, the Board will issue a notice with information about the public comment period. Please also check www.oal.ca.gov for more information regarding the public comment process for emergency rulemaking.

In order for comments to be incorporated into the public record, they must be submitted within the five day public comment period. To submit a comment, please provide it in writing by email or mail to both the Office of Administrative Law and the California Secure Choice Retirement Savings Investment Board. Email and mailing addresses for both entities are included below:

Email: Staff@OAL.ca.gov
Office of Administrative Law
Attn: OAL Reference Attorney
Re: Emergency Regulation Readoption Action for the
CalSavers Retirement Savings Program
300 Capitol Mall, Suite 1250
Sacramento, CA 95814

Comments to the California Secure Choice Retirement Savings Investment Board may be emailed to CalSavers@STO.Ca.Gov or by mail to either of the following addresses:

Courier Delivery
California Secure Choice Retirement Savings Investment Board
Re: Emergency Regulation Readoption Action for the CalSavers Retirement Savings Program
915 Capitol Mall, Suite 105
Sacramento, CA 95814

Regular Mail
California Secure Choice Retirement Savings Investment Board
Re: Emergency Regulation Readoption Action for the CalSavers Retirement Savings Program
P.O. Box 942809
Sacramento, CA 95815

If you have any questions, please email CalSavers@STO.Ca.Gov or call (916) 653-1744.

The Notice of Emergency Regulation Readoption Action is posted below, along with the proposed regulations and Finding of Emergency: