New York City City Council

Union Supports Legislation to Create Universal Savings Program for Private-Sector Workers

September 24, 2019 // 1 Comment

By GREGORY N. HEIRES DC 37 members joined elected officials, seniors and other activists in the rotunda of City Hall on September 23 to support proposed legislation to create a universal retirement savings program for the approximately 1.5 million private-sector workers in the city who lack access to a savings plan through their employer. “Retirement security should be a right and not a privilege,” DC 37 Assistant Associate Director Jahmila K. Edwards said. “New Yorkers are working harder than ever and they have nothing to show for it.” The event preceded a City Council hearing on the legislation, which is sponsored by members Ben Kallos and I. Daneek Miller. Mayor de Blasio spoke in favor of the proposal. “We have people who are working and don’t know whether they can retire,” de Blasio said. “This is not what we signed up for. This is not the American Dream.” He [More...]