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California Secure Choice Retirement Savings Investment Board RFP No. CSCRSIB0717 Page 1 of 35MEMBERSCalifornia Secure Choice Retirement Savings Investment Board Requests for Proposals CSCRSIB0717 Program
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CalSavers Retirement Savings Board is a state-managed program in California designed to help workers save for retirement. It provides a simple and accessible way for employees to contribute to a state-run retirement savings account.
Employers with five or more employees in California are required to participate in CalSavers if they do not offer a qualified retirement plan.
Employers can fill out the CalSavers registration process online at the official CalSavers website, where they will provide their employee information and select between automatic enrollment options.
The purpose of the CalSavers Retirement Savings Board is to facilitate retirement savings for workers in California, particularly those whose employers do not offer retirement plans, thereby enhancing financial security for the future.
Employers must report employee information including names, Social Security numbers, dates of birth, and eligibility for participation in the program.
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