SACRAMENTO, Calif. (AP) – California’s treasurer and top Senate leader say they’re going forward with a plan to automatically enroll private-sector workers in retirement plans even after President Donald Trump signed legislation revoking a legal safe haven for the program. Senate President Pro Tem Kevin de Leon and Treasurer John Chiang said Thursday they believe the program can withstand lawsuits even without the blessing of the U.S. Department of Labor. But continuing without the federal guidance will require legislative approval. De Leon wrote legislation signed into law last year creating the state-run “Secure Choice” retirement program to automatically enroll most of the nearly 7 million California workers without access to an employer-sponsored savings program. Several other states have enacted similar legislation. Many employers have warned that state-run plans could create liability for them.
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