California created a savings program for workers without retirement benefits. A group is suing to kill it
A California anti-tax group is suing California Treasurer John Chiang as it tries to put the kibosh on a program that would provide retirement savings accounts to millions of California workers whose employers don't offer a pension or 401(k).
In a lawsuit filed last week in federal court in Sacramento, the Howard Jarvis Taxpayers Association - which championed the landmark property tax law Proposition 13 and continues to fight tax measures - argues that the retirement savings program is illegal under federal law and should be stopped before workers start signing up for accounts next year.
Beyond that narrow argument, association President Jon Coupal said he believes the savings program - called CalSavers - is a "massive government boondoggle" waiting to happen. He also said workers
