Tuesday, August 7, 2012

Foes assail state bill to start low-income workers' retirement plan

Business groups mount an all-out effort to stop California legislation that aims to provide a modest sum to retirees who don't have pensions or 401(k) programs.

SACRAMENTO — State legislation to start a retirement plan for low-income workers who get no pensions and rely only on Social Security has run into a storm of opposition from business groups in Sacramento.


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