Just when it looked like California couldn't take any more of the spotlight in the national retirement scene – after a summer of pension-restricting legislation, lawsuits and more – the Golden State has gone and upped the ante.

And gone into the retirement business for the private sector, no less.

New legislation signed last week takes the financially battered and bruised state in a totally different direction, one that's been talked about at the national level (the Harkin "USA Funds" private retirement proposal, and ones like it) but never seen before in action at the state level.

Continue Reading for Free

Register and gain access to:

  • Breaking benefits news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical converage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.