- The CalSavers Retirement Savings Program is a new initiative, launched on July 1, 2019, that’s designed to help employees at California businesses save for retirement. Through CalSavers, your employees can contribute to a Roth IRA with a maximum contribution limit of $6,000 per year. Employees age 50 and over can contribute another $1,000 ...
- The CalSavers Program expands to employers with between 51 and 100 employees on June 30, 2021, and to employers with between 5 and 50 employees on June 30, 2022, again presuming that the employer does not have a retirement plan in place Employers of any size may voluntarily participate in CalSavers at the current time, and self-employed ...
- CalSavers is designed to help employees who work for employers that don't have a retirement savings program save for retirement by facilitating contributions to an individual retirement account (IRA).
- CalSavers is a state-run retirement program available to California workers without a workplace provided plan, self-employed individuals, and business owners. Through the program, participants can contribute up to $6,000 per year ($7,000 for 50 & older) to a Roth IRA via payroll deductions. Business owners and self-employed individuals who do ...
- Employers do not provide financial advice and employees should not contact an employer for financial advice. Employers should refer all questions about the Program to CalSavers. Employers are not liable for decisions employees make pursuant to Section 100034 of the California Government Code.