By Shannin Prather
January 2023 | 2023 Winter Newsletter
In-Home Supportive Services (IHSS) care providers eighteen years of age and older are now able to enroll in a retirement savings program through CalSavers.
Care providers who sign up for the program will make contributions to their retirement savings by setting up automatic transfers from their bank account to their CalSavers account with each paycheck. Care Providers can choose the amount they want to contribute per month, as well as how their money is invested.
Care providers can sign up for the program directly and do not need to contact Public Authority Services or IHSS to join. The program is administered by the State of California. IHSS care providers are considered self-employed individuals and will not have an employer access code. IHSS and Public Authority Services are unable to assist with account setup.
To learn more and sign up for the CalSavers program, visit saver.calsavers.com or call (855) 650-6918.