Posts Tagged: 6.8 million

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Brown OKs state-run pensions for private workers

The road ahead upon retirement. (Photo illustration: Gustavo Frazao, via Shutterstock.)

Gov. Brown has signed historic legislation to set up California’s first state-run pension plan for private-sector workers, allowing millions of employees to continuously build a retirement nest egg regardless of where they work. The governor’s decision means California joins seven other states that offer similar programs, although California’s plan, called Secure Choice, will automatically enroll about 6.8 million workers.

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