Legislation mandating that
The board would be required to contract out the administration of UP-Accounts to a financial services company and ensure that participants are provided with a diversified menu of investment products.
While the bill has not been officially scored, the sponsors estimate that the tax credits would cost 0-0 billion over 10 years.
Participants would also be given the option to bypass the UP-Savings account and save for retirement first.
Workers would be automatically enrolled to contribute 4% of their own earnings, but could opt out or select a different contribution level.
Under the “Saving for the Future Act,” which is similar to the UK’s National Employment Savings Trust (NEST), the first ,500 in savings would go to a worker’s “UP-Savings” account to be used for non-routine expenses, while contributions above that level would go to a worker’s “UP-Retirement” account, according to a summary of the bill.
When a participant makes a withdrawal from the UP-Savings account, contributions will automatically revert back to the UP-Savings account until the balance reaches the ,500 threshold.
The summary further explains that existing retirement plans will be allowed to continue.
If enacted, this bill would require history textbooks to include people based on their sexuality or internal feelings about gender.
This means teachers will be forced to teach radical identity politics in the classroom, whether or not it has anything to do with the subject being taught.
In addition, history textbooks that do not include mention of sexual identity will be censored from the classroom!
Take a moment to urge Governor Brown to veto radical identity politics in the classroom!