News | 02.11.20
Plan Advisors Get Some Relief on Proposed California Privacy Regs
California issued a range of proposed revisions to its Consumer Privacy Act Friday, including changes that specifically affect employer-sponsored retirement plans. The act requires many businesses to disclose, upon request, what information they keep on customers and allow people to opt out of having their personal data sold. Among other changes, employers will not need to provide links titled “Do not sell my personal information” to 401(k) participants under the proposed revisions. Further, employers can provide paper copies of their privacy policies, rather than electronic copies.
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