California Should Retire the Secure Choice Program Before It Begins

Properly planning, and saving for, one’s retirement is certainly a worthy goal, but, like many other things, it can become corrupted by heavy-handed government meddling. Last year, the Legislature, and Gov. Jerry Brown, enacted Senate Bill 1234, which establishes the California Secure Choice Retirement Savings Program, a mandatory automatic retirement savings program administered by the state for private-sector workers who work for an employer with five or more employees that does not offer its own retirement plan. The California Chamber of Commerce, which dropped its opposition to the bill and remained neutral after provisions explicitly shielding employers from liability were

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