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  • Despite court challenge, California pushes forward with retirement program for all workers in state

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    November 28, 2018

    Source:  Los Angeles Times,


    Workers at architecture firm and general contractor Walker Workshop have planned and built high-end homes from Long Island to the Hollywood Hills. But planning for retirement and building savings is another story.

    Like many small business, the 16-employee Los Angeles company doesn’t offer a pension or 401(k) plan. Starting in January, though, workers there and at a handful of other companies will be able to start putting money away in state-sponsored retirement accounts.

    They’ll be early participants in CalSavers, a program that — if it overcomes a federal court challenge — could soon offer basic retirement savings accounts to millions of California workers. Read More