To: Gregg Rademacher,, LACERA CEO and Timothy Corbett, MassMutual CIO
Stop Using Worker Pensions to Hurt Workers
Workers at the Embassy Suites hotel in Irvine, CA, have been standing up to management about the abuses they’ve endured.
The hotel is owned through investments from public pensions, including the pension system for thousands of public employees in Los Angeles County, known as LACERA.
It makes no sense that money invested to ensure a secure retirement for social workers, nurses, firefighters and librarians is being used in ways that hurt other workers!
The hotel is owned through investments from public pensions, including the pension system for thousands of public employees in Los Angeles County, known as LACERA.
It makes no sense that money invested to ensure a secure retirement for social workers, nurses, firefighters and librarians is being used in ways that hurt other workers!
Why is this important?
Workers at the Embassy Suites hotel in Irvine, CA, have been standing up against management. Albertina Solorio, who has been a vocal supporter of the organizing effort at the Embassy Suites, was recently fired after working there for 12 years as a housekeeper.
The hotel is owned through investments from public pensions, including the pension system for thousands of public employees in Los Angeles County, known as LACERA. It makes no sense that a worker's investment fund is being used to hurt other workers!
It's time to tell LACERA and MassMutual, the parent company of the investment manager, to stop the abuse and do what's right for the workers, and it's time for the Embassy Suites to give Albertina her job back.
Please read the article, "L.A. County pension fund is taking heat over hotel investment", published on Sept 16, 2013, in the LA Times: http://lat.ms/151kBEl
The hotel is owned through investments from public pensions, including the pension system for thousands of public employees in Los Angeles County, known as LACERA. It makes no sense that a worker's investment fund is being used to hurt other workers!
It's time to tell LACERA and MassMutual, the parent company of the investment manager, to stop the abuse and do what's right for the workers, and it's time for the Embassy Suites to give Albertina her job back.
Please read the article, "L.A. County pension fund is taking heat over hotel investment", published on Sept 16, 2013, in the LA Times: http://lat.ms/151kBEl