CalSavers is a new California law designed to encourage employees to save for retirement. CalSavers was originally called California Secure Choice and was approved by the State Legislature in 2016. In California, beginning July 1, 2019, the CalSavers Retirement Savings Program will open to all eligible employers. CalSavers provides employees with a retirement savings program without burdening employers with administrative complexity, fees, or fiduciary liability of existing options.
