Results

California State Treasurer

05/17/2017 | Press release | Distributed by Public on 05/17/2017 16:55

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

HomeNews Releases

View as PDF

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

PR17:30
May 17, 2017

Contact: Marc Lifsher
[email protected]
916-653-2995

SACRAMENTO, Calif. - State Treasurer John Chiang and Senate President Pro Tempore Kevin de León 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 the White House, Congressional Republicans and Wall Street's efforts to end state-run retirement programs.

On Thursday, House Joint Resolution 66 will likely be enacted -- which reverses a key 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
Sacramento, Calif. 95814
WHO: California State Treasurer John Chiang
Senate Leader Kevin de León (D-Los Angeles)
AARP
Service Employees International Union
Small Business Majority

More Information:
Copies of the K & L Gates 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.

For more news, please follow the Treasurer on Twitter at @CalTreasurer, and on Facebook at California State Treasurer's Office.