CalSavers - California State Mandated Retirement Plan For All

Troy Burden, CHRS, HIP Troy Burden, CHRS, HIP

Troy Burden, CHRS, HIP

Director of Benefit Strategies and Compliance at The Robert Lynn Company / Co-Host of Everyday HR Podcast

发布日期: 2019年9月17日
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CalSavers - California State Mandated Retirement Plan For All

(Based on regulations released on 6/25/2019)

Beginning in July 2019 California employers can voluntarily start participating in the state sponsored retirement plan, CalSavers. However, there is a three year phase-in that will mandate employers to either join the CalSavers plan, or implement their own independently sponsored retirement plan for their business. The implementation deadlines are as follows:

June 30, 2020: Businesses with 100 +  employees

June 30, 2021: Businesses with 50 +  employees

June 30, 2022: Businesses with 5 + employees

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