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California tries to mandate retirement savings for private workers

Is it another case of the nanny state, or an innovative way to help you save? California lawmakers are pushing a controversial, first-in-the-nation plan that would require private-sector employers to remove 3 percent from every worker’s paycheck. The money would go into a new state fund with a guarantee that all withheld funds plus investment gains will be available for distribution at retirement age. Read more…

 

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