Gov. signs legislation to help Californians save for retirement.

Gov. Brown has signed SB 1234 into law, which will create new retirement savings accounts for California employees who do not have one through their employment. SB 1234, authored by Senate leader Kevin de Leon, will require automatic enrollment into a new state-run retirement program by requiring employers with at least five employees to enroll their workers in the new California Secure Choice Retirements Savings program if they do not already provide their own retirement program to employees.

As the new program begins, many small-business clients will be looking...