NEW YORK (CBSNewYork/AP) — Mayor Bill de Blasio was leading a rally Thursday 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.READ MORE: NYC Business Owners Worry Vaccine Mandate Will Keep Tourists With Young Children Away: 'Just Hugely Problematic'
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.READ MORE: Biden And Putin Speak Amid Warnings Of A Possible Second Russian Invasion Of Ukraine
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.MORE NEWS: 2 Tigers At Pittsburgh Zoo Test Positive For COVID-19
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