Jump to content
Sign in to follow this  
Scottyd

Envoy & Cali Ag

Recommended Posts

Hi All,

 

For those that have been following the Envoy saga you will be happy to know that the California Attorney General's office has released their opinion as to whether or not a district can charge fees to providers to provide retirement plan services- the opinion was against Envoy (without naming Enovy specificially) and stated that districts may not charge vendors a fee. This is a major blow to Envoy and their source of revenue - we shall see what they throw up next, but at this point all districts with Envoy as a provider should now begin reassesing how they will run their program as it cannot be paid for by vendor fees anymore. This should make for some interesting conversations.

 

Another victory for teachers! Congrats to all who worked so hard.

 

Warm regards,

 

ScottyD

Share this post


Link to post
Share on other sites

Scott,

 

Congratulations. I hope teachers in California and Orange County in particular, realize and appreciate how much effort you have put into looking out for their best interests! Keep up the great work!

 

Dan Otter

Share this post


Link to post
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Loading...
Sign in to follow this  

×
×
  • Create New...