Lobbying Group Seeks 9th Circuit En Banc Rehearing On CalSavers Preemption

Mealey's (June 4, 2021, 12:29 PM EDT) -- SAN FRANCISCO — In a May 20 petition for rehearing en banc to the Ninth Circuit U.S. Court of Appeals, a taxpayer lobbying group asserts “four issues of exceptional importance” and argues that the appellate court panel erred in ruling that the state-run IRA program California Secure Choice Retirement Savings Program (CalSavers) is not preempted by the Employee Retirement Income Security Act for reasons including that it relied on health plan cases and thus failed to evaluate CalSavers in proper context as a pension plan....