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Private Sector Retirement

Private Sector Retirement

  • Federal Government Halts City’s Plan to Establish Private Sector Retirement Savings Program

    de Blasio retirement savings

    (photo: Demetrius Freeman/Mayor’s Office)


    Through a recently-signed resolution, President Donald Trump and the Republican-controlled Congress have struck a death blow to New York City’s plan to become the first city in the country to establish a retirement savings program for private-sector employees.

    After advocates and elected officials identified a crisis in the limited amount most workers have saved for retirement and started calling for government action, Mayor Bill de Blasio announced during his February 2016 State of the

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  • Federal Government Paves Way for City-Backed Retirement Savings Program

    de blasio aarp retirement savings city hall rally

    Mayor de Blasio at a February rally (Demetrius Freeman/Mayor's Office)


    Responding to interest from cities including New York, the federal Department of Labor has ruled that certain municipalities can establish publicly-run retirement savings programs for private-sector workers whose employers do not offer such a program.

    In February, Mayor Bill de Blasio announced his intention to create a new

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  • The Week That Was in New York Politics, Feb. 22-26

    week in review bus readers

    photo: Stanley Kubrick via Museum of the City of New York


    Gotham Gazette's Week in Review, Friday February 26, 2015.

    PHOTO OF THE WEEK: Mayor de Blasio & NYPD officials unveil CompStat 2.0, via Demetrius Freeman/Mayoral Photography Office; Gov. Cuomo and his

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  • Private Sector Retirement Security Plans Become Next Progressive Cause

    de blasio state of the city

    De Blasio delivers his State of the City (photo: Demetrius Freeman/Mayor's Office) 


    Experts warn that the entire country could be headed for a financial crisis caused by the fact that an aging workforce has not been saving for retirement.

    Whether due to cutbacks of public pensions, the lack of retirement plans offered by private employers, or workers forced to raid their savings, it appears to a growing number of advocates and politicians that many Americans will be forced to keep

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