CalSavers gives California employees access to a state-run retirement savings program. It allows private-sector employees to easily save for retirement even if they don’t currently have a way to save through work. Through this program, about 7 million workers in California have the opportunity to open an Individual Retirement Account through their job. By 2022, California employers with five or more employees will offer an employer-sponsored retirement plan or participate in CalSavers.
United Way of Northern California can help you learn about your investment options and start an account through CalSavers. To learn more, contact our staff at 530-241-7521. Or, check out this short video on our YouTube Channel.