California Automatic Enrollment to be Determined…

Most Americans have minimal financial resources to support them throughout their retirement years. California is trying to do something about that. Next week, the California legislature will vote on the California Secure Choice Retirement Program, a savings program that would automatically enroll uncovered workers into a state regulated retirement account. Workers would have up to five percent of their pay deducted from their paychecks and enrolled into the retirement fund, unless they opt out of the program. It may not be a much, but it’s a start.