CalSavers Retirement Savings Program

The State of California has enacted a program to help employees save for retirement: the CalSavers Retirement Savings Program. Through this program, you will be able to contribute a portion of your salary into an Individual Retirement Account (IRA) that belongs to you. As we are required to do, Nu Care is now registered with CalSavers.

After your 90 days, you will receive a communication informing you of your opportunity to begin participating in CalSavers. The communication will be sent to the email or mailing address you have on file with us from a company called Ascensus (e-mail: [email protected]), which is working with the State of California to administer the program.

The program is completely voluntary for you but is set up as automatic enrollment, so if you choose to not participate, you need to follow the instructions on the information you will receive from CalSavers to opt-out. If you choose not to opt out, you will be enrolled into the program automatically and we will begin deducting 5% of your paycheck to deposit in to your CalSavers account (set up as a Roth IRA by default). Once enrolled, you can log into your account at any time at calsavers.com and change your contribution amount, investment options, or choose to opt out (you can opt back in at any time). Contributions to your Roth IRA can be recharacterized to traditional contributions.

If you have any questions regarding the program, go to www.calsavers.com, sign up for a free, educational webinar hosted by CalSavers

(see the schedule at calsavers.com/webinar) or call 855-650-6918, 8am-8pm PT Monday-Friday. Multilingual support is available.

Please note: Nu Care does not sponsor or maintain CalSavers. Nu Care’s involvement in CalSavers is limited to processing your payroll withholding contributions to the program and remitting them to CalSavers. We do not promise any particular investment return on your savings under CalSavers. In accordance with federal government regulations, Nu Care does not endorse CalSavers or provide financial advice.