Retirement Security,
Fight for a Fair Economy

President Walker's Op-Ed on Stockton Case and Retirement Security

Retirement Security for All: 
Wall Street about to win in Stockton at expense of middle class 
BY YVONNE R. WALKER - Published on SacBee.com

A federal bankruptcy judge in Sacramento has announced his intention to ignore years of legal precedent in the city of Stockton bankruptcy case.

Some claim his decision may open the door for cities around the country to use bankruptcy as a tool to undercut retirement security for public employees. His decision is bad for public employees, for citizens in these cash-strapped cities and for the retirement security of our aging population.

The net effect of Judge Christopher Klein's decision, if upheld by higher courts, would be another win for Wall Street at the expense of the middle class, where most workers are unable to save enough to retire.

Local 1000-endorsed Theresa Taylor wins CalPERS Board seat

Members voted to ensure retirement security and affordable health care
Theresa Taylor, the Local 1000-endorsed candidate, has won a seat on the CalPERS Board of Administration, earning 55 percent of the votes counted -- a nearly 20-point margin over the next opponent.

"I want to congratulate Theresa Taylor on her election to the CalPERS Board. Theresa is dedicated to ensuring retirement security and affordable health care benefits for all state workers, and we are delighted to have such a strong voice for workers on the Board," said Yvonne R. Walker, Local 1000 president. 

Members made the difference
Just under 24,000 CalPERS members voted, a 20 percent increase over the previous election. "I also want to thank Local 1000 members who stepped up and voted for Theresa and campaigned on her behalf. And although the results are preliminary right now, your efforts really made a difference. Your commitment really made a difference. You should be very proud." 

Taylor is a long-time member leader of Local 1000. A 20-year state employee working at the Franchise Tax Board, she is the president of District Labor Council 786 and has been active in every major Local 1000 campaign in the past decade.

"I want to make sure the stability and security we've earned will be there when we need it most," said Taylor.

"This victory shows what we can do when members step up.  Together we made sure that there is a strong voice on the Board who will stand with working families," said President Walker. "Let's carry this momentum forward to the general election."

In related news, Priya Sara Mathur, current CalPERS Board Vice President and Chair of the Pension and Health Benefits Committee, won a fourth term. Priya represents public agencies on the Board and will continue to be a strong voice for working families.

Lawmakers Look at State-Sponsored IRAs for Private-Sector Workers

California Senate President Pro Tem Kevin de Leon's "second mother," his Aunt Francisca, spent most of her 74-plus years cleaning houses for people who had pensions through their employers or were wealthy enough to set aside money in their own retirement accounts.

Members build support for Secure Choice

Working to offer retirement dignity and security for millions

Local 1000 members are volunteering to be part of a campaign to build support for retirement security, including California's Secure Choice program, which would offer options to more than six million California workers whose employers do not offer a retirement plan.  

States should step in to offer retirement options

By Yvonne R. Walker | July 7, 2014

Barbara Williams is a former aerospace worker in California who lost her piece of the American dream when that industry downsized. She lost her job, benefits and hope for a dignified retirement.

Local 1000 stands with Wal-Mart employees

Standing up for better jobs in our communities

Wal-Mart is the largest employer in the US - they rake in billion-dollar profits while failing to pay a living wage to its workers. We're taking part in a strike rally in Rancho Cordova today at 3:00 p.m. as part of our fight to end poverty wages and our economy's race to the bottom. Join us today at 10655 Folsom Boulevard.

Secure Choice Retirement program draws national focus

Members show support through personal testimony
The Local 1000-backed retirement security for all efforts in California are drawing national attention as other states work to develop a plan to help avert a retirement crisis among private sector workers. Members of the Secure Choice Retirement Savings Investment Board, including Local 1000 President Yvonne R. Walker were briefed May 27 about how Maryland, Illinois and Connecticut have joined California and Oregon in adopting legislation to study setting up a private sector retirement savings plan.

Local 1000 endorses Theresa Taylor for CalPERS board

Long-time activist is committed to retirement security
Longtime Local 1000 DLC 786 president Theresa Taylor, who has been active in every major Local 1000 campaign in the past decade, has announced her candidacy for an open seat on the CalPERS Board of Administration.

Fighting for better jobs in our communities

Members help low wage workers organize

Local 1000 members advanced our fight to grow the middle class and protect all workers from the race to the bottom by participating in a global wave of strikes and protests on May 15 in 150 cities across the US and 33 additional countries on six continents."As someone who cares about where our economy is headed and what kind jobs are being created in my neighborhood--this is my fight," said Beth Snyder, a steward at the Department of State Hospitals who attended actions in Sacramento. "Plus, as a former fast food worker myself--and current state worker--I've seen first hand the difference a union makes. All workers deserve a voice on the job and a living wage."

Will our daughters ever be able to retire?

Capitol hearing focuses on income inequality, access to early childhood education and lack of retirement options for women

women_inequality_27_web.jpg
Local 1000 participated in a select committee hearing held on May 5 to illustrate the comprehensive inequalities facing women in the workplace - ranging from unequal pay for equal work, lower retirement savings rates, finding affordable quality education for young children, and the high ratio of single mothers working in low wage jobs.

The hearing was designed to address the pressing challenges of preserving and strengthening the middle class for future generations at a time when middle-income opportunities are shrinking for many workers - especially women, according to state Sen. Holly J. Mitchell (D-Los Angeles), chair of the Select Committee on Women and Inequality.