HOWARD JARVIS TAXPAYERS ASSOCIATION; JONATHAN MARK COUPAL; DEBRA A. DESROSIERS, Plaintiffs-Appellants, v. CALIFORNIA SECURE CHOICE RETIREMENT SAVINGS PROGRAM; JOHN CHIANG, California State Treasurer, Defendants-Appellees., 997 F.3d 848

Summary

HOLDINGS: [1]-The federal Employee Retirement Income Security Act of 1974 (ERISA), 29 U.S.C.S. § 1001 et seq., did not preempt a program called CalSavers, a California law that created a state-managed individual retirement account (IRA) program, because CalSavers was not an ERISA plan as it was established and maintained by the State, not employers; [2]-The court noted that the issues presented in the case ultimately were for California's lawmakers and those who elected them, or for the United States Congress to take up the issue if it chose to do so.