Public Advocate Letitia James and Council Member Ben Kallos joint statement on House of Representatives blocking state /municipal-based retirement savings plansSubmitted by josh jamieson on Thu, 02/16/2017 - 3:22pm
NEW YORK -- Today, Public Advocate Letitia James and Council Member Ben Kallos released the following joint statement in response to the House of Representatives voting yes on resolutions H.J. Res 66 and H.J Res 67 to block state- and municipal-based retirement savings plans.
“Forcing America’s elders to live out their golden years in poverty does not make America great again. States and municipalities pushed to create retirement systems precisely because the Federal government has failed our seniors. Doubling down on this failure and preventing cities like New York from helping employees save for their future is despicable, even by this Congress’ abysmal standards.
“After research and policy analysis, consultation with experts, and dialogue with retirees and future retirees, we laid out a common sense plan that helps New Yorkers save without burdening taxpayers. Congress should either help our efforts to advance retirement security or get out of the way so local governments can help seniors live with dignity.”