The inaugural deadline for California employers to provide retirement plans is September 30. Regulators want to see the programs of companies with more than 100 employees, or they pay a $750 per-employee penalty.
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- The CalSavers Retirement Savings Board oversees this program, which allows employees to automatically direct a portion of their pay into investments funds.
- Companies with fewer than 100 and more than 50 employees have until next June 30 to provide their plans. Businesses with five or more have until June 30, 2022.
Quick Hit
- The Los Angeles Department of Cannabis Regulation has revamped its website. On behalf of the 21st century, California’s cannabis community welcomes the DCR.
LA DCR
