Advertisement
New Zealand markets closed
  • NZX 50

    11,803.28
    -49.52 (-0.42%)
     
  • NZD/USD

    0.5916
    -0.0005 (-0.08%)
     
  • ALL ORDS

    7,937.90
    +35.90 (+0.45%)
     
  • OIL

    83.02
    +0.17 (+0.21%)
     
  • GOLD

    2,314.70
    -31.70 (-1.35%)
     

California Assembly passes bill for private worker retirement plan

By Rory Carroll

SAN FRANCISCO, Aug 25 (Reuters) - A bill to create a state-run retirement savings plan for roughly 7 million private workers in California advanced through the state Assembly on Thursday.

The bill would launch a retirement savings program to cover California workers who do not receive a company-sponsored retirement, such as a pension or 401(k) plan.

(Reporting by Rory Carroll)