Fabio
93 lines
7.4 KiB
Markdown
93 lines
7.4 KiB
Markdown
---
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type: "Bill"
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title: "Retirement savings."
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description: "(1) Existing law, the California Secure Choice Retirement Savings Trust Act, establishes the CalSavers Retirement Savings Program and the California Secure Choice Retirement Savings Trust, a trust consisting of a program fund and an administrative fund with trust moneys that are continuously appropriated and administered by the California Secure Choice Retirement Savings Investment Board. Existing law requires the Treasurer, on behalf of the board, to appoint an executive director who is not a member of the board and who serves at its pleasure. 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. Existing law requires the board to take various actions upon implementation of the program and, for up to 3 years following its initial implementation of the program, requires the board to establish managed accounts invested in United States Treasuries, myRAs, or similar investments. Existing law states that the program is implemented as of January 1, 2017."
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jurisdiction: "us/states/ca"
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legislature: "California Legislature"
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session: "20192020"
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identifier: "AB 102"
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citation: "California AB 102 (20192020)"
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classification: ["bill", "appropriation"]
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subjects: ["Retirement savings."]
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status: "enacted"
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primary_sponsors: ["Committee on Budget"]
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version_count: 6
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action_count: 27
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vote_count: 5
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first_action: "2018-12-03"
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last_action: "2020-06-29"
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source: "openstates"
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source_identifier: "ocd-bill/b2c489cc-d77f-4274-aa4e-81c3740dcbe4"
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source_url: "http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201920200AB102"
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source_hash: "fbb939d9b72a016563fbc368ad34c182598a912a4cef517fcb4cb186ffa14ffb"
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vintage: "2026-07-01"
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source_snapshot: "https://data.openstates.org/daily/2026-07-01/public.pgdump"
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retrieved_at: "2026-07-06"
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confidence: "reported"
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tags: ["legislation", "bill", "us-ca"]
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---
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# California AB 102 (20192020) — Retirement savings.
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(1) Existing law, the California Secure Choice Retirement Savings Trust Act, establishes the CalSavers Retirement Savings Program and the California Secure Choice Retirement Savings Trust, a trust consisting of a program fund and an administrative fund with trust moneys that are continuously appropriated and administered by the California Secure Choice Retirement Savings Investment Board. Existing law requires the Treasurer, on behalf of the board, to appoint an executive director who is not a member of the board and who serves at its pleasure. 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. Existing law requires the board to take various actions upon implementation of the program and, for up to 3 years following its initial implementation of the program, requires the board to establish managed accounts invested in United States Treasuries, myRAs, or similar investments. Existing law states that the program is implemented as of January 1, 2017.
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## Version chain
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The bill's text revisions, in order — the diff chain from filing to enrollment.
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1. **12/03/18 - Introduced** (filed) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB102&version=20190AB10299INT)
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2. **06/13/19 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB102&version=20190AB10298AMD)
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3. **06/22/20 - Amended Senate** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB102&version=20190AB10297AMD)
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4. **06/29/20 - Chaptered** (committee substitute) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB102&version=20190AB10295CHP)
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5. **AB102** (committee substitute) — [source](http://leginfo.legislature.ca.gov/faces/billNavClient.xhtml?bill_id=201920200AB102)
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6. **06/26/20 - Enrolled** (enrolled) — [source](https://leginfo.legislature.ca.gov/faces/billPdf.xhtml?bill_id=201920200AB102&version=20190AB10296ENR)
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## Votes
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- AB 102 BUDGET Concurrence in Senate Amendments By TING — **59–15** (pass) · lower
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- AB 102 Ting Assembly Third Reading — **54–13** (pass) · lower
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- Do pass — **13–5** (pass) · upper
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- 3rd Reading AB102 BUDGET — **29–11** (pass) · upper
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- Do pass — **13–2** (pass) · upper
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## Sponsors
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- Committee on Budget — primary (person)
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## Timeline
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The legislative action history — every referral, reading, and vote.
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- **2018-12-03** Read first time. To print. `reading-1`
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- **2018-12-04** From printer. May be heard in committee January 3.
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- **2019-01-24** Referred to Com. on BUDGET. `referral-committee`
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- **2019-04-04** Assembly Rule 96 suspended. (Ayes 53. Noes 15. Page 1032.)
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- **2019-04-04** Withdrawn from committee.
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- **2019-04-04** Ordered to second reading.
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- **2019-04-08** Read second time. Ordered to third reading. `reading-1, reading-2`
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- **2019-04-11** Read third time. Passed. Ordered to the Senate. (Ayes 54. Noes 13. Page 1178.) `passage, reading-3, reading-1`
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- **2019-04-11** In Senate. Read first time. To Com. on RLS. for assignment. `reading-1`
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- **2019-04-24** Referred to Com. on B. & F.R. `referral-committee`
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- **2019-06-10** In committee: Hearing postponed by committee.
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- **2019-06-12** In committee: Hearing postponed by committee.
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- **2019-06-13** From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B. & F.R. `reading-1, reading-2, amendment-passage, referral-committee, amendment-introduction`
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- **2019-06-17** In committee: Hearing postponed by committee.
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- **2019-06-19** From committee: Do pass. (Ayes 13. Noes 2.) (June 19). `committee-passage-favorable, committee-passage`
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- **2019-06-19** Ordered to third reading.
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- **2019-06-26** Re-referred to Com. on B. & F.R. `referral-committee`
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- **2020-06-22** From committee chair, with author's amendments: Amend, and re-refer to committee. Read second time, amended, and re-referred to Com. on B. & F.R. `reading-1, reading-2, amendment-passage, referral-committee, amendment-introduction`
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- **2020-06-24** From committee: Do pass. (Ayes 13. Noes 5.) (June 24). `committee-passage-favorable, committee-passage`
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- **2020-06-24** Read second time. Ordered to third reading. `reading-1, reading-2`
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- **2020-06-25** Read third time. Passed. Ordered to the Assembly. (Ayes 29. Noes 11. Page 3856.). `passage, reading-3, reading-1`
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- **2020-06-25** In Assembly. Concurrence in Senate amendments pending. May be considered on or after June 27 pursuant to Assembly Rule 77.
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- **2020-06-26** Assembly Rule 77 suspended. (Ayes 58. Noes 16. Page 4954.)
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- **2020-06-26** Senate amendments concurred in. To Engrossing and Enrolling. (Ayes 59. Noes 15. Page 4965.). `amendment-passage, committee-passage-favorable`
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- **2020-06-26** Enrolled and presented to the Governor at 6:30 p.m.
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- **2020-06-29** Approved by the Governor. `executive-signature`
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- **2020-06-29** Chaptered by Secretary of State - Chapter 21, Statutes of 2020.
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## Source
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OpenStates / OpenCivicData bulk snapshot [2026-07-01](https://data.openstates.org/daily/2026-07-01/public.pgdump); origin `ocd-bill/b2c489cc-d77f-4274-aa4e-81c3740dcbe4`. Confidence: reported (aggregated from official California legislature records).
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