A simple, trusted way to save for retirement
CalSavers was designed to give Californians an easy and simple way to save for retirement. Starting in November 2018, California will launch a pilot program that will begin the process of offering an estimated 7 million workers in California[1] the opportunity to contribute to an Individual Retirement Account (IRA) and get on track for the future.
Business owners and industry groups are excited about CalSavers. Read what they have to say.
CalSavers was designed to give Californians an easy and simple way to save for retirement.Starting in late 2018, California will launch a pilot program that will begin the process of offering an estimated 7 million workers in California[1] the opportunity to contribute to an Individual Retirement Account (IRA) and get on track for the future.
Business owners and industry groups are excited about CalSavers. Read what they have to say.
Pilot Program Ongoing
CalSavers is working with selected employers from around the state who indicated an interest in blazing a trail for a better savings future as participants in our pilot program. These participants are helping to shape the program for all other employers by offering feedback on their experience.
Employer registration begins July 1, 2019
California employers, who don’t already offer an employer-sponsored retirement plan and who have five or more employees, will begin facilitating CalSavers in July 2019. The three-year phased rollout will include staggered deadlines for registration based on employer size. All eligible employers can join at any time prior to their registration deadline.
100+ employees
June 30, 2020
50+ employees
June 30, 2021
5 or more employees
June 30, 2022
Get more details about eligibility, registration, and account set up.
- Registration is quick and easy
- Employers play a limited role as facilitator
Learn how CalSavers can help you on the path to retirement savings. The choice is yours:
- Use standard savings options
- Customize your savings options
- Opt out or back in at any time
- AARP Public Policy Institute. David John and Gary Koenig “Workplace retirement plans will help workers build economic security" (August 2015)