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Calif. Dems Move Forward With Private-Worker Retirement Program

  

California's Democratic leaders are moving forward with a retirement program for private sector workers in spite of a resolution signed Thursday by President Trump.

Secure Choice will offer IRA's to workers whose employers don't provide them.

Trump reversed an Obama-era rule that made it easier for states to set up the retirement programs.

Yvonne Walker is President of Service Employees International Union Local 1000.

She says Trump's action is a setback for workers.

"I, for one, am not comfortable with someone who has worked all of their life, to then have to retire in poverty," says Walker.

But Republican State Senator John Moorlach says workers can set up retirement accounts at banks.

"It's a choice, it's a discipline. You know, it's something you have to do yourself. But to step in with government doing that, I think we're overstepping our bounds."

California lawmakers approved Secure Choice back in September.

 john chiangretirement

Sally Schilling

Reporter

Sally Schilling is a Davis native and a graduate of the UC Berkeley Graduate School of Journalism. She has reported on redwood poachers robbing national forests in Humboldt County and the dangers of melting tropical glaciers in the Peruvian Andes.  Read Full Bio 

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