Appeals Court Affirms That CalSavers IRA Savings Program Is Not Preempted by ERISA
ThomsonReuters
MAY 20, 2021
A federal appeals court has affirmed that the CalSavers Retirement Savings Program, a state-run IRA savings program for employees without access to employer-provided retirement benefits, is not preempted by ERISA. Employers are not subject to CalSavers, however, if they provide an employer-sponsored retirement plan (e.g.,
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