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California companies with 5+ employees must now provide pensions?

3 pointsby jalancoover 12 years ago

1 comment

jalancoover 12 years ago
"The law is aimed at businesses with five or more employees that don’t offer pensions or 401(k) savings programs. The law requires companies to contribute 3 percent of a worker’s salary to a retirement account. Workers will be enrolled in the program unless they choose to opt out."
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