Upcoming Retirement Tele – Town Hall
What’s a Tele – Town Hall? An easy way to connect with others using a telephone. Use a phone on January 10, 2017, at 6:00 – 8:00 PM (PST) and connect to State Senate President Pro Tem Kevin de León. California Senator de León is the author of SB 1234, the Secure Choice Retirement Savings Program Act. During this live town hall, you will have the chance to ask questions of the Senator de Leon and also share your comments.
The Secure Choice Retirement Savings Program Act
Here’s a fact, it’s estimated 50% of Americans have absolutely no retirement savings. From my work, I also know most individuals worry about outliving their retirement savings. Today when Blanca Castro of AARP California contacted me with information on California Secure Choice I had to share it with you.
The program is California’s effort to maximize retirement security in older age. As a gerontologist, I understand the financial resources to age well with a sense of financial safety and security. Consider this financial support as many of us live well into our 90s and beyond.
California Secure Choice (CSC)
Briefly, the adoption of CSC will affect most California employers. It mandates phasing in retirement programs starting in 2019. Most likely younger boomers, GenXers, and Millennials will benefit from CSC. Here’s a brief overview of the program.
Employers with five or more employees who do not provide a retirement plan will be required to either offer a retirement plan or provide their employees’ access to CSC. These employers will need to over their plan 36 months after CSC is open for enrollment.
Companies with 50 plus employees will need to offer a retirement plan within 24 months.
Businesses with more than 100 employees will need to offer a retirement plan within 12 months.
What I have observed in my work is no one in retirement tells me they have too much money. The Gig economy does not build retirement security. Many want a better retirement for their children and grandchildren. California Secure Choice may be the best option to secure dignified older age for Californians.
Town Hall Details
WHAT: Tele-Town hall on California Secure Choice Retirement Program with State Senate President Pro Tem Kevin de Leon
WHEN: January 10, 2017, at 6:00 – 8:00 PM (PST)
To participate at the Tele-Town Hall call: 1- 877-229-8493 PIN = 15119
About the Author
Currently, Judi Bonilla is the Director of Program Innovation at Advocates For Aging. She is the first gerontologist to speak at South by Southwest. Judi has also spoken at the American Society on Aging and Certified Senior Advisors conferences. She also served as a fellow for Hispanics in Philanthropy and Senior Service America. Judi is the author of Freewheeling After Sixty a book for older drivers. In addition, you can find her at theaginexpert.com.