SACRAMENTO – California Senate President pro Tempore Kevin de León (D – Los Angeles) and State Treasurer John Chiang will announce how California’s Secure Choice Program will remain on track to provide millions of private-sector workers in California with a retirement savings plan.
The California Secure Choice program stands on firm legal and statutory ground despite President Trump, Congressional Republicans and Wall Street’s efforts to end retirement programs administered at the state level.
On Thursday, House Joint Resolution 66 will likely be enacted – which reverses a Department of Labor ruling that provides guidance to state sponsored IRA programs such as Secure Choice. Nonetheless, California’s Secure Choice program will proceed without delay.
When: 10:00 a.m. Thursday, May 18, 2017
Where: California State Capitol Office, Room 205
Senate Leader Kevin de León
California State Treasurer John Chiang
Blanca Castro, Advocacy Manager, AARP
Mark Herbert, California Director, Small Business Majority
Yvonne Walker, President, SEIU Local 1000
Los Angeles Times: The GOP is trying to kill California’s new private-sector retirement plan. State officials vow to push ahead http://fw.to/WPMKtbR
Copies of the legal opinion will be provided.
Click here to watch a livestream of the news conference. Livestream will begin promptly at 10 a.m. Thursday, May 18, 2017.