American anxious about retirement

The Washington Post published a news article that cites our SEIU research showing that with fewer assets, less retirement income and higher medical expenses, Black and Latino workers are at a greater risk for not having a secure retirement.

A few highlights from the news article:

“A majority of Americans are at risk of being financially worse off than their parents in retirement.”

“The Service Employees International Union recently released a fact sheet saying that black and Latino workers are particularly at risk for seeing their standard of living significantly erode in retirement because they tend to have fewer assets, less retirement income and higher medical expenses.”

“The poll found widespread support for protecting Social Security benefits at current levels, as well as for the idea of a new pension program that would stay with workers even as they changed jobs and offer a guaranteed lifelong income once they retire.”

Click here to read the full article, posted in the Washington Post on Feb. 25

Would you like to help SEIU 521 with making Retirement Security for All a reality?

We need YOUR help: Tell your story!
The majority of working people have no pension and little to no savings, causing many retirees to rely almost entirely on Social Security, which alone isn’t enough to keep them out of poverty. As we continue to work to correct this imbalance, we need our members to tell us their stories so we can stop the retirement race to the bottom that tears workers apart and help everybody retire with dignity.
Tell us your story now.

Join the SEIU 521 Pension Committee.
Next meeting: Wednesday, March 27 at 6 p.m. via video-conference in our Bakersfield, Fresno, Salinas, San Jose and Visalia offices and via tele-conference in our Hanford, Hollister, San Carlos, Santa Cruz and Watsonville offices.
Please RSVP to Hoan.Pham@seiu521.org.

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