Retirement Security for All Praised by Council Member KallosSubmitted by Jesse Towsen on Fri, 02/05/2016 - 7:45am
Legislation that will be introduced by Council Member Ben Kallos would enable any New Yorker working at a business with ten or more employees to automatically enroll in a retirement plan.
This legislation would be enabled by rules currently being promulgated by the United States Department of Labor (RIN 1210-AB71). Kallos joined Public Advocate James in a January letter advocating for cities to be empowered to offer “Savings Arrangements Established by States for Non-Governmental Employees.”
Council Member Kallos previously co-prime sponsored legislation to study how to implement Retirement Security for All with Public Advocate Tish James and Civil Service and Labor Committee Chair I. Daneek Williams. The bill was heard in committee in June, 2015.
As an attorney, Kallos practiced Employee Retirement Income Security Act (ERISA) law at Gorlick, Kravitz and Listhaus, representing laborers at the Mason Tenders District Council fighting for the retirements of workers.