California Church IMPACT
empowering & mobilizing people of faith to be effective advocates in public policy
  • Home Page
  • IMPACT Blog
  • About & Contact
    • Contact Us
  • Key Issues
    • Human RIghts
    • LGBTQ Rights
    • Health Care
    • Economic Justice
  • Take Action
    • Resources
  • DONATE
  • CCC
  • Prop 64 Faith Livestream

CA Secure Choice offers new retirement plan to low-wage workers. Public comment is requested.

2/26/2016

1 Comment

 
Picture
Dear Friends:​

The Office of the Treasurer for the State of California has been working for a couple of years to design a state-regulated retirement plan for private-sector employees who otherwise would not have one. 

California Secure Choice will be a path-breaking opportunity for low-income wage earners to have a measure of retirement security normally offered to only executives and other white-collar employees.

Today 7.5 million working people in California have no retirement plans at all outside of Social Security.  Lower-income people in communities of color are living in poverty thanks to our high cost of living relative to Social Security income.  California Secure Choice offers a way to increase retirement income, especially for those people.

There are two options under consideration by the Board that has been developing the plan.  Public hearings open to all people will be held March 1 in Los Angeles and March 3 in Oakland. 

This is an unprecedented opportunity for employees to establish a 401K even if their employers do not offer such plans.  It would involve payroll deductions directed to a state fund overseen by state regulators.  It thus provides much greater security than most such plans that operate exclusively within the private markets/

Tuesday, March 1 the hearing will be from 3 pm- 5 pm at the Ronald Reagan State Building Auditorium, 300 South Spring Street, Los Angeles.

Thursday, March 3 the Oakland hearing will be at the Elihu Harris Building, 1515 Clay Street.
Public comments should be kept to 3-5 minutes per person.

Written public comments to the Treasurer’s office on the plans are accepted through he close of business Friday March 4.  You do not need to attend the hearing in order to comment.  While the staff cannot respond to comments, they will be passed on to the Board.

To see the plans, please go to:
http://www.treasurer.ca.gov/scib/index.asp.

You may offer written comments through the tab, “Secure Choice Contacts”.

Please engage with this public process and offer your feedback on this outstanding opportunity to lift the incomes for all Californians.

Thank you.

Picture
1 Comment
Decatur Waterproofing link
9/26/2022 11:40:22 am

Very creative poost

Reply



Leave a Reply.

    Author

    The Rev Dr Rick Schlosser

    Archives

    September 2022
    May 2022
    September 2021
    August 2021
    June 2021
    January 2021
    November 2020
    September 2020
    August 2020
    July 2020
    June 2020
    May 2020
    April 2020
    January 2020
    June 2019
    April 2019
    March 2019
    October 2018
    September 2018
    August 2018
    June 2018
    May 2018
    April 2018
    January 2018
    December 2017
    November 2017
    October 2017
    September 2017
    August 2017
    July 2017
    June 2017
    May 2017
    April 2017
    March 2017
    February 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    June 2016
    May 2016
    March 2016
    February 2016
    January 2016
    October 2015
    August 2015
    June 2015
    May 2015
    March 2015
    January 2015
    December 2014
    October 2014
    June 2014
    May 2014
    January 2014
    September 2013
    February 2013
    October 2012

    Categories

    All
    Civil Rights
    Economic Justice
    Elections
    Environmental Justice
    Faithful Fridays
    Health Care
    Racism
    Reproductive Rights
    Women's Rights

    RSS Feed

Powered by Create your own unique website with customizable templates.
Photo used under Creative Commons from ProComKelly