A modified version of the California Secure Choice Retirement Savings Trust Act has passed out of both chambers of the California state legislature and is expected to be signed into law by Gov. Jerry Brown.
The action comes in light of a resolution of disapproval signed into law by President Trump in May, which nullified a Labor Department safe harbor for state-administered auto-IRA programs issued under the Obama administration.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
