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Retirement Security Woes Affect Us All
Secure Choice Board moves forward on implementation
A Local 1000 member leader testifies about the retirement problems her family is facing even though they have a secure retirement through CalPERS.
Theresa Taylor, a longtime Local 1000 activist who was elected to the CalPERS board last year, told the California Secure Choice Retirement Savings Investment Board of her family’s struggles because her husband became disabled.
Secure Choice board considers retirement plan options
Working to meet the needs of millions of workers with no pension
Local 1000’s work to provide retirement security for all Californians continued on April 27 as the California Secure Choice Board met to discuss the best options to help millions of private sector workers save for retirement.
“It is an incredibly complex job to create a savings system for workers, but it is extremely rewarding to know that our state is showing leadership in helping millions of workers gain retirement security,” Walker said.
New attack launched on public employee pensions
Ballot initiative threatens state worker retirement security
A coalition of anti-union, anti-public employee groups, including the National Right to Work Committee, launched their latest attack against public employee pensions and the hard-earned retirement security of state workers.
Their misleading campaign, called the “Voter Empowerment Act of 2016,” would undermine collective bargaining and require voter approval for changes to pensions and other retirement benefits, including medical insurance. The initiative will soon move into the signature-gathering phase and will appear on the ballot next year.
Deadly pension initiative bypasses collective bargaining
Hard-earned retirement, medical benefits under attack
A new ballot initiative filed last week to appear on the 2016 ballot, would bypass the collective bargaining table and effectively freeze retirement benefits for Local 1000-represented employees at the current contract level, requiring voter approval for any enhancement of those benefits.
Any alterations in cost of living adjustments, pension calculations, changes in vesting or lowering the age of retirement eligibility would all be subject to a statewide vote—even if they are successfully bargained in a contract.
Analyst says pension initiative would affect current employees’ compensation
LAO report warns of “significant uncertainty” in Reed/Demaio pension attack
According to a report released this week by the state’s Legislative Analyst’s Office (LAO), the pension-gutting ballot measure proposed by former San Jose Mayor Chuck Reed and former San Diego City Councilman Carl DeMaio is so drastic and recklessly conceived that it could lead to radical and unforeseen negative consequences.
Pension attack takes next step
Attorney General releases official summary; signature gathering underway
The deadly 2016 pension-gutting ballot initiative designed to bypass collective bargaining and threaten the retirement security of all public employees has passed another milestone, receiving a official title and summary from California Attorney General Kamala Harris.
Titled the “Public Employees. Pension and Retiree Healthcare Benefits. Initiative Constitutional Amendment.” the ballot measure “eliminates constitutional protections for vested pension and retiree healthcare benefits for current public employees.”
Retirement Security for All Californians
Local 1000 member shares struggles as retirement board designs relief plan
The Local 1000-supported goal of creating a retirement safety net for Californians with no workplace plan came nearer its goal on September 28 as the Secure Choice Retirement board considered detailed information about how that state-run plan should work. Local 1000 was there to make sure our members’ voices are heard as important decisions are made on this groundbreaking program.
Pension attack fails, new threats launched
After a dangerous and deceptive pension initiative failed to gain support, right-wing extremists Chuck Reed and Carl DeMaio have come out with two new proposals that continue their efforts to degrade the hard-earned pension benefits of public employees.
While their new approach appears to dial back the threat to current workers, the new attacks are just as dangerous. Everyone who cares about the economic security of California as a large segment of our population moves toward retirement should take this multi-pronged attack very seriously.
Fighting the growing retirement security crisis
Local 1000 is spearheading a coalition of labor, faith and social justice groups to expand programs that address the growing retirement crisis facing millions of Californians.
Last month, our union cohosted a coalition-building event that released research reviewing this growing crisis and what Californians will face at retirement age without new policies to change the future.
Retirement Security for All
California is on the verge of a retirement crisis: With what is already one of the highest poverty rates among seniors in the nation, more than six million Californians have no access to a workplace retirement plan and are in danger of retiring to significantly diminished lifestyles. Nearly half of California’s working population is headed toward retirement into poverty.