The Senate is positioning to scuttle an ambitious California effort to create retirement security for low-income workers, with a vote Wednesday morning that aims to block the state and others from launching programs to automatically enroll millions of people in IRA-type savings plans.
Wednesday’s roll call brings to a head an early confrontation between the state and the Trump-era Congress. The retirement law is a signature achievement of California Senate Leader Kevin De Leon, who worked on it for years and has helped lead a national effort to move similar laws forward in other states – all of which are threatened by the congressional action.
Read the whole story in the LA Times
Categories: Sacramento Update