(1) Existing law, the CalSavers Retirement Savings Trust Act, administered by the CalSavers Retirement Savings Board, establishes the CalSavers Retirement Savings Program and the CalSavers Retirement Savings Trust. Under existing law, the trust consists of a program fund and an administrative fund with trust moneys that are continuously appropriated and administered by the CalSavers Retirement Savings Board for the purpose of promoting greater retirement savings for California private employees. Existing law requires eligible employers to offer a payroll deposit retirement savings arrangement so that eligible employees may contribute a portion of their salary or wages to a retirement savings program account in the program, as specified.
California SB 1126 (20212022) — CalSavers: retirement savings.
(1) Existing law, the CalSavers Retirement Savings Trust Act, administered by the CalSavers Retirement Savings Board, establishes the CalSavers Retirement Savings Program and the CalSavers Retirement Savings Trust. Under existing law, the trust consists of a program fund and an administrative fund with trust moneys that are continuously appropriated and administered by the CalSavers Retirement Savings Board for the purpose of promoting greater retirement savings for California private employees. Existing law requires eligible employers to offer a payroll deposit retirement savings arrangement so that eligible employees may contribute a portion of their salary or wages to a retirement savings program account in the program, as specified.
Version chain
The bill's text revisions, in order — the diff chain from filing to enrollment.
Do pass, but first be re-referred to the Committee on [Appropriations] — 4–1 (pass) · upper
Do pass and be re-referred to the Committee on [Appropriations] — 5–1 (pass) · lower
Sponsors
Cortese — primary (person)
Kalra — coauthor (person)
Newman — coauthor (person)
Ward — coauthor (person)
Timeline
The legislative action history — every referral, reading, and vote.
2022-02-16 Introduced. Read first time. To Com. on RLS. for assignment. To print. introduction, reading-1
2022-02-16 Article IV Section 8(a) of the Constitution and Joint Rule 55 dispensed with February 7, 2022, suspending the 30 calendar day requirement.
2022-02-17 From printer.
2022-02-23 Referred to Com. on L., P.E. & R. referral-committee
2022-03-02 From committee with author's amendments. Read second time and amended. Re-referred to Com. on L., P.E. & R. amendment-passage, committee-passage, reading-1, reading-2, referral-committee
2022-04-14 Set for hearing April 27.
2022-04-27 From committee: Do pass and re-refer to Com. on APPR. (Ayes 4. Noes 1. Page 3545.) (April 27). Re-referred to Com. on APPR. committee-passage, committee-passage-favorable, referral-committee
2022-05-06 Set for hearing May 16.
2022-05-09 From committee with author's amendments. Read second time and amended. Re-referred to Com. on APPR. amendment-passage, committee-passage, reading-1, reading-2, referral-committee
2022-05-16 From committee: Be ordered to second reading pursuant to Senate Rule 28.8. committee-passage, reading-2
2022-05-17 Read second time. Ordered to third reading. reading-1, reading-2
2022-05-23 Read third time. Passed. (Ayes 28. Noes 9. Page 3831.) Ordered to the Assembly. passage, reading-1, reading-3
2022-05-24 In Assembly. Read first time. Held at Desk. reading-1
2022-05-27 Referred to Com. on L. & E. referral-committee
2022-06-08 Coauthors revised.
2022-06-15 From committee: Do pass and re-refer to Com. on APPR. (Ayes 5. Noes 1.) (June 15). Re-referred to Com. on APPR. committee-passage, committee-passage-favorable, referral-committee
2022-08-03 From committee: Do pass. (Ayes 11. Noes 4.) (August 3). committee-passage, committee-passage-favorable
2022-08-04 Read second time. Ordered to third reading. reading-1, reading-2
2022-08-11 Read third time. Passed. (Ayes 57. Noes 14. Page 5823.) Ordered to the Senate. passage, reading-1, reading-3
2022-08-11 In Senate. Ordered to engrossing and enrolling.
2022-08-17 Enrolled and presented to the Governor at 10:30 a.m.
2022-08-26 Approved by the Governor. executive-signature
2022-08-26 Chaptered by Secretary of State. Chapter 192, Statutes of 2022. became-law
Source
OpenStates / OpenCivicData bulk snapshot 2026-07-01; origin ocd-bill/a986dd99-c621-44cd-a183-1294137d4be6. Confidence: reported (aggregated from official California legislature records).