By Ben Valdepena / Californians for Retirement Security
In testimony to the Democratic National Committee’s Platform Committee, Californians for Retirement Security called for national action to address the nation’s retirement security crisis.
Hello, my name is Ben Valdepena. I’ve been a custodian with the Yucaipa-Calimesa Joint Unified School District. California since 1983. Today I represent the 1.6 million teachers, firefighters, nurses, classified schools employees and other public servants who are members of Californians for Retirement Security. Thank you for allowing us the opportunity to submit testimony to the Platform Committee.
Over the last few decades, as pensions have all but disappeared for private sector workers, retirement security has been sliding further and further out of reach for many Americans. The shift toward 401(k)s has proved a failure for providing retirement security for all except the very wealthy. This trend has been particularly harmful to women, people of color, low-income workers, and young people who are already burdened with student loan debt. [Read more…]