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.
- 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.
- The Los Angeles Department of Cannabis Regulation has revamped its website. On behalf of the 21st century, California’s cannabis community welcomes the DCR.