I appreciate the Chair's information. While it is not conclusive, it does indicate that if Hispanic workers do have jobs where the employers offer some type of plan, they tend to participate. Unfortunately, the data indicates that Hispanics tend to work for employers who do not offer retirement plans. What we need to do is get more employers to offer retirement plans, particularly small employers. That is what the legislation we are developing right now is intended to do. I will be proposing that later. I urge my colleagues to look at this issue seriously. I hope we can introduce a bill before the week is out.
Jeff Bingaman: “I appreciate the Chair's information. While it is not conclusive, it does indicate that if Hispanic workers do have jobs…”
Editor's note · Context
Discussing the need for more employers to offer retirement plans for Hispanic workers.
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