State-run retirement savings plan gets boost

2015-07-21T18:01:44-07:00July 21st, 2015|Categories: Retirement|Tags: , , |

A state attempt to create a retirement savings plan for 6 million private-sector California workers not offered one on the job, Secure Choice, got a boost last week during the White House Conference on Aging. President Obama said he has directed his labor department to propose rules showing states how to create what in California could be an “automatic IRA,” a payroll deduction that puts money into a tax-deferred savings plan unless workers opt out. The rules are expected [...]