State Treasurer Announces Officials Launch of CalSavers - State-Facilitated Automatic Enrollment Retirement Program to Help Californians Without Access to a Workplace Retirement Plan Save for the Future

Lorenzo Harris, owner of Janico Building Services, a commercial janitorial services company based in North Highlands near Sacramento, was the first employer to join the pilot program in late 2018. "Janico operates in a tight labor market with 4.3% unemployment in California and triple digit average employee turnover in the building service contracting industry. CalSavers is just what our company needed to help attract and retain good workers," said Harris.