California’s Mandatory Retirement Plan Law Upheld by the Ninth Circuit

“On May 6, 2021, the Ninth Circuit upheld California’s retirement plan mandate and affirmed that it is not preempted by ERISA. Under California law, all employers must offer their employees some form of retirement plan or if no approved retirement vehicle is offered, must utilize automatic enrollment into the state’s payroll deduction IRA known as “Calsavers.” Read more from Boutwell Fay, LLP here.

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Source: Boutwell Fay, LLP