Family Finances

Upcoming Event: A Briefing for the California Secure Choice Retirement Savings Investment Board

August 17, 2015  • David Mitchell

Monday, September 28, 2015


100 Waterfront Place, West Sacramento, CA 95605

A Briefing for the California Secure Choice Retirement Savings Investment Board

Investment Products and Program Design: How to Maximize Participation, Contribution Rates, and Financial Security in Retirement


In 2012, California created the Secure Choice Retirement Savings Investment Board, which is evaluating a program designed to offer new, affordable retirement savings options for an estimated 6.5 million California employees who do not currently have access to a retirement savings plan at work. The Board is conducting legal and market analyses to ensure the feasibility of the proposed program, and will provide recommendations to the legislature prior to implementation. As part of that effort, the Board is holding a series of monthly briefings to explore the myriad issues involved in creating an effective program, one that maximizes participation, attracts qualified plan providers, and minimizes administrative costs.

The Aspen Institute’s Initiative on Financial Security (IFS) will convene an event in conjunction with the California Secure Choice Investment Board to provide expert opinion on key design elements of the program, in order to help maximize participation and savings levels. The goal is to provide valuable input to the deliberations of the Board in areas that will include investment product selection, automatic enrollment, default savings rates, and withdrawals.

Featured Participants:

Dr. James Choi, Yale University

Kevin de León, California Senate President pro Tempore

Mark Iwry, Deputy Assistant Secretary, US Treasury

David John, Senior Strategic Policy Advisor, AARP

Bennett Kleinberg, Vice President for Institutional Investment Solutions, Prudential Retirement

Judith Miller, American Retirement Association

Ida Rademacher, Aspen Institute Initiative on Financial Security

Dr. Geoffrey Sanzenbacher, Center on Retirement Research

Dr. Fernando Torres-Gil, UCLA

The event is open to the public, but please register here or email with any questions.

The event will also be webcast live. A link to the webcast will be available here on the day of the event.