08/10/2016
So, thoughts on SB 1234? It's for creating 'retirement accounts' for employees--would apply to companies with 5 employees or more, they would have to put 2%-5% of an employee's salary in one of these accounts unless employees opt out. Concerns about what will happen with the money, state liability, what do you think? http://www.latimes.com/business/la-fi-state-401k-20160808-snap-story.html
An investment industry trade group is trying to kill a California bill that would make retirement savings accounts an almost universal benefit for workers in the state, saying that plan will be more expensive than lawmakers anticipate and could ultimately cost taxpayers.