SCA 1 would prohibit California taxpayer funds from being used to fund the newly created California Secure Choice Retirement Savings Program
- City of Huntington Beach (pdf)
SB 1234 (De Leon, 2016) created the Secure Choice Retirement Savings Program, a defined contribution, individual retirement account that mandates private employees participate through payroll deduction into a retirement savings account managed by the state. The program requires employees to contribute up to 8% of their salary into their newly established personal retirement plan. This constitutional amendment would prohibit the use of any taxpayer funds to be used toward the Secure Choice Program.
- The Mercury News: Congress considers blocking California retirement savings plan
- Fox & Hounds: SCA 1: A Warranty on Government Promises