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Private firms eye state-run pension savings plans

A retiree checks out the newspaper in his back yard. (Photo: Budimir Jevtic, Shutterstock)

Calpensions: A board working on a proposal to enroll most small business employees in a state-run retirement savings plan, unless they opt out, was told last week that small technology-focused financial firms could do the job. The founders of three firms that offer 401(k)s and other retirement plans to small businesses did not object to competition from the state.

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