De Blasio, Officials Rally for Private Employee Retirement Program in NYC

Mayor Bill de Blasio is leading a rally for a retirement savings program for private sector employees.

De Blasio said Thursday that most private sector workers — and particularly women and minorities — don't have retirement savings.

The city's plan would enroll employees at businesses who employ 10 or more people and don't already have a retirement program. Only employees would make contributions.

But the proposal would need federal support.

Similar proposals from other municipalities have stalled in Washington. And a move in the New York State Legislature to study the measure had previously stalled.

The rally brought together de Blasio with City Council Speaker Melissa Mark-Viverito, Public Advocate Letitia James and Comptroller Scott Stringer.

Though all Democrats, their joint appearances have been infrequent.

Copyright AP - Associated Press
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