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
May 17, 2017
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.
10:00 a.m. Thursday, May 18, 2017
California State Capitol Office, Room 205
Sacramento, Calif. 95814
California State Treasurer John Chiang
Senate Leader Kevin de León (D-Los Angeles)
Service Employees International Union
Small Business Majority
Copies of the K & L Gates legal opinion will be provided.