At least 29 states have made efforts in recent years to expand retirement savings program
coverage for private sector workers, according to a new Government Accountability Office (GAO) report.
The program would make New York City the first city in the U.S. to offer its own retirement savings
program for private sector workers who lack access to employer - sponsored retirement plans, de Blasio and other citywide elected officials said Thursday at City Hall.
Manhattan Councilwoman Helen Rosenthal told Observer the objective of the hearing was to understand what the city does for its own workforce, as well as what the city can
do for private sector workers.
What's more, state and local employees received $ 1.17 in new benefits for every dollar per hour pay increase from 2002 to 2008, compared to 58
cents for private sector workers.
The Investment Company Institute told the California state treasurer Thursday to delay further implementation of the state's «secure choice» state - run retirement
plan for private sector workers until further analysis is conducted on «unrealistic or incomplete» assumptions in a state - sponsored feasibility study.
Also at 11 a.m., state Sen. Diane Savino, Assembly members Robert Rodriguez and Donna Lupardo and AARP New York unveil 10,000 postcards urging expanded retirement savings
options for private sector workers, outside Senate Chamber, state Capitol, Albany.
The Federal Department of Labor issued draft regulations in November of 2015 exempting states from the requirements of ERISA, the 1974 federal law that established liability standards and
protections for private sector workers» voluntary retirement plans.
The Pew Center on the States has posted a new dataset based on Census numbers, comparing average
wages for private sector workers and government workers in all 50 states from 2007 through 2012.
MarketWatch reported this week that New York has become the latest state to approve a «state - run tax - advantaged retirement
account for private sector workers who don't have an employer - sponsored retirement plan available to save for their future.»
The organization has come out in strong support of key pieces of de Blasio's affordable housing agenda and his plan to create a city - run retirement savings
program for private sector workers.
Comment: Gove's disgraceful attack on social workers is meant to soften us up for the private sector
The key points of the legislation are: coverage
for all private sector workers; the requirement that paid sick time is earned at the rate of one hour per every 30 hours worked; and the number of eligible paid sick days is based on the size (by number of employees) of the business.
The key points of the legislation are: coverage
for all private sector workers; the requirement that paid sick time is