At least once a year it makes sense to check in on what our friends at the state run retirement plans are up to. Today, I am happy to have Katie Selenski, the Executive Director of CalSavers, the California State Retirement Plan and Dylan Giambatista, the with the new Vermont or Green Mountain Secure Retirement Plan. Katie shares some encouraging data on what they are seeing thus far from CalSavers and Dylan shares the unique approach Vermont took to creating their retirement plan. I learned a lot, hopefully you do as well.
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Here are the statistics from the CalSavers plan Katie mentioned.
Katie Selenski is the Executive Director of CalSavers, the State of California’s pioneering retirement savings program that provides a path to retirement security for Californians who lack access to a retirement plan at work. Appointed by the State Treasurer in 2017 shortly after legislative passage, Ms. Selenski took CalSavers from concept through design, build, and launch. Ongoing marketing for the three-year rollout aims to engage an estimated pool of more than 250,000 employers and their eight million employees.
Prior to taking the helm at CalSavers, Ms. Selenski was the State Policy Director for pension policy at The Pew Charitable Trusts in Washington, D.C., where she advised policymakers in a dozen states and cities. Previously, she was a senior manager with the nonpartisan public sector consulting firm Harvey M. Rose Associates, based in San Francisco, where she advised municipal leaders on a wide array of budget, management, and policy matters, including pensions. Earlier, she was a municipal bond rating analyst at a leading rating agency, a legislative aide in the California Assembly, and the director of an historic statewide youth voter turnout initiative.
Ms. Selenski is a graduate of the University of Chicago and the John F. Kennedy School of Government at Harvard University.
Dylan Giambatista is the Director of Outreach & Financial Literacy for the Office of the Vermont State Treasurer, where he is a member of the project management team for the Green Mountain Secure Retirement Plan. Dylan served in the Vermont House of Representatives from 2017 until January 2021. He was a member of the House Education Committee, and was elected Assistant Majority Leader. Prior to his service in the Vermont General Assembly, Dylan was Chief of Staff to the Vermont Speaker of the House. He is a Trustee on the Vermont State Colleges Board of Trustees and serves on several community boards.
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