Risky retirement plans aren't doing right by U.S. workers, SEIU Local 1000 President Yvonne Walker says in a CNN.com piece published today, and she thinks a California retirement-for-all bill is a "step in the right direction."
Walker's op-ed item refers to Senate Bill 1234, by Sen. Kevin de LeÃ³n, D-Los Angeles, which would establish a state-administered retirement fund for private-sector workers. The article, which you can read here, also mentions that New York is talking about a similar plan.
"Part of what we aspire to as Americans is being able to stop working with our dreams and reasonable expectations of retirement still intact," Walker writes.
SB 1234 is scheduled for a Senate Appropriations Committee hearing on May 14.
PHOTO: Yvonne Walker / Sacramento Bee 2008, Brian Baer