Business News
SACRAMENTO – California State Treasurer John Chiang and AARP on Wednesday released the second in their ongoing series of CalSavers promotional videos called “CalSavers Overview.”
“CalSavers will not only help stem the tide of the silver tsunami we know is coming, but it will be a new and easy way for more than 7.5 million hard-working Californians to save for retirement through automatic payroll deductions,” said Treasurer Chiang. “And for their employers, the millions of small-business owners focused on running their businesses, it’s even better – no administrative headaches, an easy registration process, and, best of all, it won’t cost them anything.”
CalSavers is a state-backed program that will offer employees access to a completely voluntary, low-cost, portable retirement savings vehicle, featuring professionally managed investments and oversight provided by a public, transparent board of directors.
“CalSavers offers a simple way for millions of Californians to save for their future,” said Nancy McPherson, California State Director at AARP. “That is why AARP strongly supports the CalSavers program and is eager to spread the word about how it will benefit working Californians.”
Deborah Lowe Muramoto, Executive Director of the Women’s Business Center, added, “What excites me the most about this retirement savings program – it addresses the issue of lack of access for small businesses.”
CalSavers will begin their pilot run this fall, and open statewide next year. Employers with 100 or more employees, which do not already offer a retirement plan, will have one year from the full program launch date to register, where employers with 50 or more employees and those with 5 or more employees will have two and three years, respectively.
For more information about CalSavers visit www.treasurer.ca.gov/scib.
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- Written by: California Treasurer's Office
LAKE COUNTY, Calif. – In response to the widespread damage caused by the Mendocino Complex fire, AAA Northern California continues to assist its members.
The company is offering services at the following locations:
· AAA Branch Office, 1464 Parallel Drive, Lakeport, weekdays from 9 a.m. to 6 p.m.
· Twin Pine Casino & Hotel, 22223 Highway 29, Middletown, 8 a.m. to 7 p.m. The American Red Cross is also located at this site.
Each location is fully staffed with employees to assist AAA insurance customers with auto and home claims, and to provide additional help as needed.
AAA Northern California insurance customers who have suffered damage to their homes or vehicles may also call AAA Northern California for assistance at 800-922-8228.
Among the services being provided by AAA Northern California:
· To help with immediate living expenses, debit cards are available for those with covered homeowners losses insured through AAA Northern California, who have been displaced from their homes.
· Emergency road service is available to AAA members who have cars damaged by wildfire.
· CSAA Insurance Group, a AAA insurer, is working with local Hertz offices to provide rental vehicles to those who have lost or damaged cars.
· Packages with personal care items and teddy bears for children are also available.
AAA Northern California offers a wide array of automotive, travel, insurance, DMV, financial services and consumer discounts to over 4 million members. AAA has been a leader and advocate for the safety and security of all travelers since it was founded more than 100 years ago.
The company is offering services at the following locations:
· AAA Branch Office, 1464 Parallel Drive, Lakeport, weekdays from 9 a.m. to 6 p.m.
· Twin Pine Casino & Hotel, 22223 Highway 29, Middletown, 8 a.m. to 7 p.m. The American Red Cross is also located at this site.
Each location is fully staffed with employees to assist AAA insurance customers with auto and home claims, and to provide additional help as needed.
AAA Northern California insurance customers who have suffered damage to their homes or vehicles may also call AAA Northern California for assistance at 800-922-8228.
Among the services being provided by AAA Northern California:
· To help with immediate living expenses, debit cards are available for those with covered homeowners losses insured through AAA Northern California, who have been displaced from their homes.
· Emergency road service is available to AAA members who have cars damaged by wildfire.
· CSAA Insurance Group, a AAA insurer, is working with local Hertz offices to provide rental vehicles to those who have lost or damaged cars.
· Packages with personal care items and teddy bears for children are also available.
AAA Northern California offers a wide array of automotive, travel, insurance, DMV, financial services and consumer discounts to over 4 million members. AAA has been a leader and advocate for the safety and security of all travelers since it was founded more than 100 years ago.
- Details
- Written by: AAA Northern California
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