PRESS RELEASE
04/08/2008 GAAS:167:08 FOR IMMEDIATE
RELEASE
Gov. Schwarzenegger Issues Statement Regarding
Legislation to Help More Californians Save for Retirement
Governor Arnold Schwarzenegger today issued the following statement
regarding AB
2940, legislation that allows small businesses and workers to set up
individual retirement accounts (IRAs) through CalPERS if they currently do
not have pensions or retirement accounts through their
jobs:
"Having a financially secure retirement is part of the
American Dream and this bill will help that dream come true for millions
of hard-working Californians and their families.
"This legislation
will help make businesses more competitive, without costing them anything,
and will help employees save for their retirement, without costing
taxpayers anything either. It is a great example of doing emore with less'
to help California businesses and hard-working employees. This really is a
win-win for everyone and it will make our small businesses and our
employees financially stronger."