California State Senate Appropriations Committee Opposition to SB 1234

SIFMA and 18 other associations provide comments to the California State Senate Appropriations Committee in opposition to CA SB 1234. This legislation creates a state-run retirement savings plan for private sector workers and guarantees a set rate of return on investment.

The 18 other associations are: American Council of Life Insurers, Association of California Life and Health Insurance Companies, California Association of Health Underwriters, California Chamber of Commerce, California Farm Bureau Federation, California Grocers Association, California Independent Grocers Association, California Manufacturers and Technology Association, California Retailers Association, Financial Planners Association, Financial Services Institute, Insurance Brokers and Agents of the West, Investment Company Institute (ICI), National Association of Insurance and Financial Advisors of California, National Federation of Independent Business, Pacific Life Insurance Company, Plumbing-Heating-Cooling Contractors Association of California, and Western Electrical Contractors Association.