CalSavers, Treasurer Tell 9th Circuit There Is No ERISA Preemption

Mealey's (October 15, 2020, 1:57 PM EDT) -- SAN FRANCISCO — The California Secure Choice Retirement Savings Trust Act (Secure Choice Act) does not impermissibly reference the Employee Retirement Income Security Act, and the program created by the act, the California Secure Choice Retirement Savings Program (CalSavers), is not an employee pension benefit plan defined by ERISA, CalSavers and the California state treasurer argue in an Oct. 13 appellee brief (Howard Jarvis Taxpayers Association, et al. v. California Secure Choice Retirement Savings Program, et al., No. 20-15591, 9th Cir.)....