Senate Leader Kevin de León and Treasurer John Chiang Announce Next Steps for California’s Secure Choice Retirement Program

Wednesday, May 17, 2017

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

Who:                       

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

More Information:

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

Statement: Senate Leader Pledges California Will Continue to Implement Retirement Savings Programs for Private Sector Workers Despite Congress’ Vote to Derail State Retirement Plans

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.

 

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