The CalSavers Retirement Savings Program is developing regulations. The Program is preparing to initiate the rulemaking process to adopt proposed regulations. Staff anticipates it will formally begin the process in late-Summer 2018. Before it begins the formal rulemaking process, the Board will again solicit the input of the public, stakeholders, and others in the refinement of its proposed regulations and will notify the public when it approaches key dates in the regulations process.
CalSavers staff invited public input during the development of the proposed regulations by working with a group of key stakeholders, policy experts, and the Board beginning in the Summer of 2017. CalSavers invited written public comments and held two public workshops on an early draft of the regulations in early December 2017.