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SCOTUS allows Calsavers to proceed
3/6/22 at 8:00am
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OC Register
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almost 4 years ago
That’s why the Howard Jarvis Taxpayers Association filed a lawsuit in 2018 challenging CalSavers, the newly enacted state-run retirement savings program for private-sector employees. The legal claim against CalSavers was based on ERISA — the federal law governing retirement programs. Our lawsuit was supported by the Trump administration’s Department of Labor, which filed an amicus curiae brief in the Ninth Circuit Court of Appeal agreeing with HJTA’s position that CalSavers was inconsistent with the intent of ERISA to pre-empt the field of regulating retirement plans. Our fear is that, without congressional action establishing minimum standards and oversight of state-run retirement programs for private employees, CalSavers will quickly become the retirement plan version of the bullet train — a wasteful, risky and unnecessary program that will succeed only in sucking up taxpayer dollars.
https://www.ocregister.com/2022/03/06/scotus-allows-calsavers-to-proceed/
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