CalSavers is here! What do nonprofits need to know?
It’s a new retirement program available to nonprofits:
Join our CalSavers Webinar on October 18th and get your questions answered!
The State of California launched CalSavers in July, a new retirement program that will enable employers (including nonprofits!) to get their employees access to a payroll-deduction Individual Retirement Account (IRA) at no cost to the employer or taxpayer.
We already know that more than half of nonprofits offer some kind of retirement plan to their employees (a much higher percentage than of for-profits). If you already have a plan, CalSavers isn't for you. But if you don't, your organization will have to either sponsor a retirement plan or facilitate CalSavers. The mandate is phased in over the next three years based on the size of your organization.
To find out what CalSavers means for nonprofits and their employees, CalNonprofits is hosting a webinar with Jonathan Herrera, Outreach & Marketing Manager of CalSavers, on October 18th, at 11AM. You are invited to attend this free webinar. Please bring your questions!