CalSavers Retirement Savings Program (CalSavers) is a state-run retirement savings program for private-sector employees whose employers do not offer a retirement program. The program was slowly introduced to employers over the last two years, providing a deadline based on employer size. We are now at the final deadline for employers with at least five employees that don’t already offer a qualified workplace retirement savings plan. Employers will be required by California law to offer and facilitate employee access to CalSavers, by June 30, 2022.
California's state-run retirement program, which opened for registration last year, is up and running with deadlines for employer enrollment (or exemptions from enrollment)! Here's what you need to know, now.