Howard Jarvis’ “CalSavers” Suit Aims To Keep Wall Street Power Over Workers’ Retirement

Sacramento, CA – The Service Employees International Union (SEIU) California released the following statement from SEIU Local 1000 President Yvonne R. Walker:

“The Howard Jarvis Taxpayer Association’s lawsuit against California is a cruel and inexcusable attack designed to dismantle retirement security for seven million Californians in the private sector. This lawsuit seeks to invalidate recent legislation and could increase fees for the management of retirement funds, eliminating the benefits that they were created for. Programs like CalSavers are essential in providing workers with an affordable opportunity for the retirement they deserve.”

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