AB 2940 Moves to Appropriations

AB 2940 has passed the Assembly Committee on Public Employees, Retirement and Social Security and been referred to the Assembly Committee on Appropriations.

AB 2940 would create the California Financial Advantage Account Program (CFAAP), administered by CalPERS, to provide retirement savings opportunities to California's private sector employees.

Links:

• AB 2940 Status
• AB 2940 Bill Analysis
• Text of AB 2940
• AB 2940 Would Open CalPERS to Private Sector (Unit 9 News)