SERVING THE LOS ANGELES METROPOLITAN  AREA, AND BEYOND                           

             15-21 Shevat, 5782                                                              Jan. 17-23, 2022 -- THE JEWISH OBSERVER, LOS ANGELES--662nd Web Ed.

                                                                                               

MOBILE MUSEUM OF TOLERANCE COMING TO NY















The Mobile Museum of Tolerance Midwest Region


Thanks to the New York State Assembly, $1.5 million of capital funding has been announced for the construction of the Simon Wiesenthal Center’s New York-based Mobile Museum of Tolerance (MMOT).  This state-of-the-art mobile education center will utilize innovative technology and interactive lessons becoming a critical expansion of the Simon Wiesenthal Center’s educational resources in New York State.

The MMOT will allow easy access for tens of thousands of students, educators, law enforcement agencies, faith groups and professionals to critical educational training on issues such as anti-Semitism, racism, bullying, stereotyping, hate and intolerance and to promote diversity and human dignity.

"The Simon Wiesenthal Center’s New York-based Mobile Museum of Tolerance will educate New Yorkers on the importance of tolerance and acceptance and illustrate the detrimental effects hatred has had on the global community,” said Assembly Speaker Carl E. Heastie, adding, “I want to thank Assembly Ways and Means Committee Chair Helene Weinstein and Assemblymember Rebecca Seawright for their leadership in bringing this innovative museum to New York so that people of all ages can learn from the past and celebrate our diverse communities.”

The New York MMOT will represent the third such initiative for the SWC who currently operate highly successful Mobile Tolerance Museums in Illinois and Canada. MMOT in Illinois, launched in February 2021 to great acclaim, has educated almost 4,000 students in person and 2,000 students virtually. The Tour for Humanity Mobile Tolerance Center has educated over 150,000 students at 750 schools and communities across Canada.


U.A.E. INVESTS $100M IN ISRAEL’S TECH SECTOR AS BOTH

COUNTRIES GET CLOSE


A major United Arab Emirates sovereign-wealth fund has invested roughly $100 million in venture-capital firms in Israel’s technology sector, according to people familiar with the investments, a fresh sign of deepening business and investment ties between the countries at the forefront of the Abraham Accords.

A year and a half since the deal that normalized diplomatic ties between Israel and the U.A.E., business is growing, with trade between the two counties forecast to reach $2 billion this year, up from roughly $250 million annually before the accords, according to the U.A.E.-Israel Business Council, a trade body representing 6,000 Emirati and Israel business people. Israeli companies are investing in new offices in Dubai and Abu Dhabi and moving staff from Tel Aviv.  -- CNBC


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CALSAVERS TO IMPOSE PENALTIES FOR NON-COMPLIANT EMPLOYERS
BEGINNING THIS MONTH


SACRAMENTO – Employers that do not offer a private retirement plan and who have more than 100 employees are urged to immediately comply with state law and register for the CalSavers Retirement Savings Program before penalties are imposed this month. More than 24,000 employers have already registered.


The non-compliance penalties of $250 per employee will be levied on employers by the CalSavers Retirement Savings Board in partnership with the Franchise Tax Board, following dozens of notifications sent by letter and email from the program since it launched three years ago.

CalSavers was created to address retirement insecurity for all workers, as more than half of private-sector workers lack access to a retirement plan at work. Designed to make it easier to save for retirement, CalSavers has a simple, understandable menu of investment options, portable accounts, and an accessible, multilingual client services team. For employers, CalSavers is easy to facilitate, there are no employer fees, and no employer contributions are allowed.

“We strongly urge employers to come into compliance now before we mail penalties this month,” said executive director Katie Selenski. “Our service representatives are standing by to assist you and the vast majority of employers find it easy to comply.”

“We’re doing everything we can to level the playing field for workers in the state who’ve never had a retirement plan, and employers have a simple, but important, role to play in making the program available to their employees,” Selenski said.


Participants have saved over $175 million for retirement through the CalSavers Retirement Savings Program. With more than 220,000 accounts already funded, the early growth is a positive sign for improving retirement security as the program continues to roll out to employers of all sizes.

The authorizing legislation passed in 2016 establishes that non-compliant employers will be penalized $250 per employee upon the first penalty notice and, if non-compliance persists another 90 days, an additional $500 per employee, for a total of $750 per employee for sustained non-compliance.

Mandated employers must register for CalSavers at www.calsavers.com before their applicable deadline. The deadline for businesses with more than 100 employees was September 30, 2020, delayed from June 2020 due to COVID-19. The deadline for businesses with more than 50 employees passed on June 30, 2021 and non-compliance penalties for this group are slated for mid-2022. The deadline for employers with five or more employees is June 30, 2022.

In 2012, California was the first state in the nation to pass legislation establishing an automatic enrollment retirement policy for private sector workers who lack access to work-based retirement plans.


Authorized in final form in 2016 by Senate Bill 1234 (de León), the program began a limited pilot phase at the end of 2018 and launched fully statewide on July 1, 2019. CalSavers seeks to facilitate the largest expansion of retirement security since the advent of Social Security in the 1930’s and is already a model for a growing number of states seeking to establish a similar program. Learn more at www.calsavers.com.

The Jewish Observer,

Los Angeles