SAN FRANCISCO – California State Treasurer Fiona Ma, CPA was today sworn in to her second term leading the world’s fourth-largest economy as the state’s primary banker. She was officially sworn in at a family ceremony with her father, Dr. William Ma, by her side in San Francisco’s Chinatown. Judge Lillian Sing, the first Asian-American […]
California State Treasurer Fiona Ma
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Employers Have 60 Days to Meet CalSavers Mandate
SACRAMENTO. May 2, 2022 – Today, State Treasurer Fiona Ma reminded employers to register for the CalSavers Retirement Savings Program before the June 30, 2022, deadline if they do not offer a private retirement plan and have five or more employees. “Thousands of employers of all types have already joined CalSavers. The evidence is clear: […]
Posted inCalifornia
Employer Deadline for CalSavers One Week Away as Assets Reach $87 Million for State’s New Retirement Program
State Treasurer Fiona Ma reminds employers with more than 50 employees of the upcoming June 30, 2021 registration deadline for the CalSavers Retirement Savings Program, the State’s new program for workers in the private sector that lack access to a workplace retirement plan. The reminder comes as the groundbreaking program hit a milestone of $87 […]
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Employer Deadline for CalSavers Approaching in LessThan 3 Months;10,000 Employers Registered to Date
Sacramento, April 7, 2021 – Today State Treasurer Fiona Ma reminds employers with more than 50 employees of the upcoming June 30, 2021 registration deadline for the CalSavers Retirement Savings Program, the State’s new program for workers in the private sector that lack access to a workplace retirement plan. The reminder comes as the pioneering […]
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California State Treasurer Fiona Ma Named to Group of Global Leaders on Economy and Environment
Sacramento December 8, 2020 – California State Treasurer Fiona Ma has been named to the Council for Inclusive Capitalism, an historic collaboration of CEOs and global leaders working with the moral guidance of Pope Francis to harness the power of business to make economies more inclusive and sustainable with a movement of bold, business-led actions […]
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CalSavers Registration Deadline for Required Businesses 1 Week Away
SACRAMENTO, September 23, 2020 – California State Treasurer Fiona Ma reminds employers with more than 100 employees that they are required by state law to register for CalSavers by September 30th if they don’t already sponsor a retirement plan. CalSavers is California’s groundbreaking new retirement savings program for workers in the private sector who don’t have access […]
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Federal Court Order a Win for CalSavers
Sacramento, CA March 10, 2020 – The United States District Court for the Eastern District of California today dismissed claims by a conservative tax group that sought to block the California Secure Choice Retirement Savings Program (CalSavers), a program designed to help millions of private sector workers in California prepare financially for retirement. “We are […]
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Treasurer Fiona Ma Will Ensure New Federal Tax Credits Go to Counties Struck by Disaster
SACRAMENTO, Feb. 7, 2020 – California State Treasurer Fiona Ma announced today that the California Tax Credit Allocation Committee, (CTCAC) which she chairs, is clarifying its regulations to make certain that 13 counties hit by disasters receive $100 million in new federal tax credits. The federal credits, carried by Rep. Mike Thompson, D-Napa, and approved […]
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First-Round of CalSavers Notices Being Sent to Employers; “Gig” Workers Also Eligible
SACRAMENTO October 11, 2019 – The first round of notices about how to participate in the state’s pioneering new retirement savings program, CalSavers, is being sent to employers this week. “The sooner employers register, the sooner their workers can begin saving for their futures,” said State Treasurer Ma, chair of the California Secure Choice Retirement […]
Posted inCalifornia
CA Treasurer Fiona Ma Urges Swift Passage of Federal SAFE Banking Act in U.S. Senate
SACRAMENTO, Oct. 3, 2019 – California State Treasurer Fiona Ma today urged swift passage of federal legislation that will bring safety, certainty, and security to financial institutions that support the cannabis industry. Last week the U.S. House of Representatives passed the Secure and Fair Enforcement (SAFE) Banking Act with a strong bipartisan vote of 321-103. […]
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State Treasurer Fiona Ma, Board, Leaders Announce Official Launch of CalSavers
SACRAMENTO, July 1, 2019 – California State Treasurer Fiona Ma, chair of the California Secure Choice Retirement Savings Investment Board, joined Board Members, former senator Kevin de Leon, and other leaders today to announce the official launch of the CalSavers Retirement Savings Program (CalSavers), the new state program designed to offer California workers a simple, […]