New York City unveils new plan to help workers save for retirement
NEW YORK (WABC) -- New York City Mayor Bill de Blasio has unveiled a new retirement plan for people who work for private companies.
The mayor rallied at City Hall Monday for a retirement savings plan that President Trump and Republicans have tried to stop.
In New York City, more than 1 million people have no retirement plan other than Social Security. Most who do have a plan have only saved about $12,000.
So many are like Onza Lynch, a commercial carter who hauls tons of cardboard every day.
"I've worked every day since I was a teenager, now I'm 49 years old and I'm speaking to you today as someone who wishes they could've started saving for a retirement plan 30 years ago," said Lynch.
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