Rouda cut employee retirement as well as health care

Again silent in the face of documents showing he hurt employees for his own bottom line

The Washington Free Beacon today published another damning story showing Harley Rouda not only cut his employees health care, but also eliminated their retirement accounts as well.

According to the Beacon:

Rep. Harley Rouda (D., Calif.), who has championed workplace retirement plans as “a crucial part of the American dream,” terminated 401(k) benefits for employees of his investment company in 2015, documents obtained by the Washington Free Beacon show.

Rouda became CEO of real estate investment firm Trident Holdings in October 2012, according to the Columbus Dispatch. Roughly three years later, the Democrat terminated the company’s 401(k) plan, which covered “substantially all employees,” according to an internal document.

“On December 8, 2015, the Company approved the termination of the Plan effective November 30, 2015,” the document says. “The Plan was a defined contribution plan covering substantially all employees of Trident Holdings, Inc. (the Company), formally Real Living, Inc., who had attained age 21 or older.”…

The move also came two years after Rouda cut health benefits for employees of HER Realtors, a real estate company owned by Trident Holdings.

A former HER Realtors employee told the Free Beacon that Trident Holdings’ decision to terminate its 401(k) plan also extended to HER Realtors staff.

“He does talk out both sides of his mouth, and I worked for him for years,” the former employee said, adding that he left the company after the lack of benefits became “unmanageable.”

“Another shameful story and another day where Harley Rouda is silent about his decisions as a CEO to cut not only his employees’ health care but also their retirement. He owes voters an explanation,” said Michelle Steel, Orange County Board Chairwoman and Republican Candidate for CA-48.

Read the full story here.

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