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

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

May 17, 2017

Contact: Marc Lifsher
[email protected]

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)
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.