Page 2 - Daniela Bress News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Are you a worker worried you won’t have enough money to retire? But the court said CalSavers did not interfere with the goals of the U.S. Employee Retirement Income Security Act of 1974. The federal law “does not preclude California’s endeavor to encourage personal retirement savings by requiring employers who do not offer retirement plans to participate in CalSavers,” Judge Daniel A. Bress, a Trump appointee, wrote for the panel. The anti-tax group argued that the federal law, which established minimum standards for pensions, barred California from creating CalSavers. Laws passed by...

Court sides with CalSavers against Jarvis group’s effort to halt program Katie Selenski said the appellate court's decision will help clarify matters for some employers. The U.S. Court of Appeals for the 9th Circuit on Thursday agreed with a lower court's decision to dismiss a taxpayer association's lawsuit aiming to stop the implementation of the nearly $68 million CalSavers Retirement Savings Program. CalSavers is a defined contribution plan for private-sector workers in California who do not have access to a retirement plan sponsored by their employers. More than 140,000 individuals alre...