Southeast Queens councilman’s ‘Retirement Security for All’ bill signed into law

councilman-i.-daneek-miller

Councilman I. Daneek Miller had his historic “Retirement Security for All” legislation signed into law by Mayor de Blasio on Tuesday, May 11.

The new law will establish a retirement savings board to facilitate the implementation of an individual retirement (IRA) program for private sector workers at businesses with five or more employees located in New York City that do not already offer retirement savings plans.

“Retirement security is so crucially important as we envision a more equitable and fairer city. The ‘Retirement Security for All’ legislative package will ensure that working New Yorkers have access to a secure, city-sponsored individual retirement account, allowing them to retire with dignity and furthering the city’s commitment to supporting working people,” Miller said. “My bill, Intro 901, creates the retirement savings board that facilitates and oversees the program’s implementation. I thank Mayor de Blasio for signing this legislation into law today, Speaker Johnson, and my colleagues for their support in getting this done at such a pivotal time in our city’s history.”