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A California-based advocate for taxpayers is asking a federal court to void the The California Secure Choice Retirement Savings Program, a state-administered IRA savings plan.
The program, rebranded as CalSavers, will ultimately require employers that don’t sponsor a retirement savings plan and have at least five employees to enroll workers in Roth IRAs administered by a savings board chaired by California’s Treasurer, John Chiang.
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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.
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