New York CIty Council Member Ben Kallos

Dave Evans

ABC7 New York City unveils new plan to help workers save for retirement by Dave Evans

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.