California Assembly passes bill for private worker retirement plan
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By Rory Carroll
SAN FRANCISCO (Reuters) - A bill to create a state-run retirement savings plan for roughly 7 million private workers in California advanced through the state Assembly on Thursday.
The bill would launch a retirement savings program to cover California workers who do not receive a company-sponsored retirement, such as a pension or 401(k) plan.
(Reporting by Rory Carroll)
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