News Release

CalSavers Benefits for Latino Workers Featured Topic at San Francisco Forum

September 12, 2019

SAN FRANCISCO, CA—Today, UnidosUS (formerly NCLR), alongside San Francisco-based Affiliate organization, the Mission Economic Development Association (MEDA), held a timely community forum to discuss the impact of the recently adopted CalSavers program and opportunities to help boost Latino enrollment in the state-created retirement savings program. CalSavers is designed for workers who do not have access to an employer-sponsored retirement savings option. Nearly half (47 percent) of those estimated to qualify for the program in California are Latino.

Stakeholders, members of the local community and UnidosUS policy and advocacy experts discussed the impact of CalSavers on Latino workers and the need to help expand enrollment of those eligible for the program that launched on July 1 of this year. Sixty-one percent of Latinos in the state don’t have access to employer-sponsored retirement plans, compared with 40 percent of White workers in the state.

“Latinos are significantly less likely than White workers to have access to an employer-sponsored retirement plan. This is why CalSavers will play such a critical role in closing that gap and making sure Latinos have a chance at a better retirement,” said Jennifer Brown, Associate Director, Economic Policy Project, UnidosUS.

Outreach efforts were a central point of discussion during the forum as advocates shared strategies on how to boost Latino participation in the program statewide. “Reaching Latino families and engaging workers who are poised to benefit from the program is key to making sure the program is successful and available to future generations of workers. This requires us to make sure we are communicating with Latino workers about the program in ways that are clear, transparent and culturally attuned to their needs. We look forward to continuing to work with partners and community leaders to get this information out to our community and help put them on a path to a more stable financial retirement future,” concluded Brown.

UnidosUS, previously known as NCLR (National Council of La Raza), is the nation’s largest Hispanic civil rights and advocacy organization. Through its unique combination of expert research, advocacy, programs, and an Affiliate Network of nearly 300 community-based organizations across the United States and Puerto Rico, UnidosUS simultaneously challenges the social, economic, and political barriers that affect Latinos at the national and local levels. For more than 50 years, UnidosUS has united communities and different groups seeking common ground through collaboration, and that share a desire to make our country stronger. For more information on UnidosUS, visit www.unidosus.org or follow us on Facebook, Twitter, and Instagram.

Contact:
Camila Gallardo
news@unidosus.org
(305) 215-4259