State Launches Retirement Program for Small Businesses in Sacramento

For Immediate Release: 
Monday, November 26, 2018

WHAT: During a five-city tour across California that includes Sacramento, California State Treasurer John Chiang will officially launch CalSavers — a new retirement savings program that will level the playing field for the many small businesses that don’t have the resources to help their employees access retirement options. Through CalSavers, businesses with five or more employees that don’t already offer a retirement option will facilitate access to a retirement savings program without any administrative headaches or fees. The program will finally put millions of Californians on the path to a more secure retirement by allowing them to make automatic payroll deductions to a portable retirement savings account.

Treasurer Chiang will launch the program by hosting events in Los Angeles, San Diego, Fresno, Sacramento and San Francisco. Joining Treasurer Chiang in Sacramento will be Small Business Majority network member Lorenzo Harris, principal of Janico Building Services in North Highlands and a participant in the CalSavers pilot program, among others.

WHEN: Thursday, Nov. 29, 2018 at 9:15am PST

WHERE: Sacramento City Hall 915 I Street Sacramento, Calif. 95814

TO RSVP OR REQUEST AN INTERVIEW: Contact Simon Brown, Media Relations Manager for Small Business Majority: (415) 887-2025 or [email protected]org.

About Small Business Majority

Small Business Majority was founded and is run by small business owners to ensure America’s entrepreneurs are a key part of a thriving and inclusive economy. We actively engage our network of more than 58,000 small business owners in support of public policy solutions and deliver information and resources to entrepreneurs that promote small business growth. Our extensive scientific polling, focus groups and economic research help us educate and inform policymakers, the media and other stakeholders about key issues impacting small businesses and freelancers. Learn more about us on our website and follow us on TwitterFacebook and Instagram.

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