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CalSavers is coming! Here is what you NEED to know
In July 2019, the state is launching a new retirement program that will enable employers to provide their employees with a payroll deduction Individual Retirement Account (IRA) at no cost to the employer or taxpayer. CalSavers is a voluntary workplace IRA program for private sector workers designed to be simple and portable from job to job. CalSavers will be professionally managed by a private sector financial firm with oversight from a transparent public Board. State law will require all businesses with five or more employees to either offer a retirement savings vehicle from the existing market or register for CalSavers. Deadlines for employers to comply will roll out over a three year period based on the size of business.

CalSavers is a great way for nonprofit employers to provide their employees access to a portable retirement program. There are zero fees for employers; since CalSavers is not an employer sponsored plan, employers will have no fiduciary liability, and it will be administratively easy for employers to facilitate. Visit or email to learn more about the program and how you can become an early adopter this fall.

Nov 1, 2018 11:00 AM in Pacific Time (US and Canada)

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Webinar is over, you can not register now. If you have any questions, please contact Webinar host: California Association of Nonprofits.