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Tax Group Denied Second Look at California Auto-Retirement Plan

June 15, 2021, 6:11 PM

A federal court ruling upholding a California program creating automatic retirement savings vehicles for workers without employer-sponsored plans will stand after the Ninth Circuit on Tuesday denied a taxpayer policy group’s petition to have the case reheard.

Howard Jarvis Taxpayers Association, a California policy group that supports lower taxes, petitioned the court to rethink its May 6 decision holding that the CalSavers Retirement Savings Program isn’t preempted by the Employee Retirement Income Security Act.

According to Howard Jarvis, the Ninth Circuit wrongly analyzed CalSavers as a health plan, rather than a pension plan, which are “distinct” and subject to “broader ...

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