“Miller said the city’s involvement in the program, through the board his bill would create, will mitigate some of the administrative burdens that small businesses would otherwise face. ‘We want to try to fill a gap here,’ he said in a phone interview. ‘I think there’s a real opportunity for a win-win for everybody involved to provide sensible retirement opportunities.’

Miller said the need to pass retirement security legislation was much like the issue of climate change, something that needs to be addressed sooner rather than later. ‘A crisis is a terrible thing to waste,’ he added, referring to the stark data around the many thousands of New Yorkers who have little to no retirement savings.”

Gotham Gazette: De Blasio, City Council Look to Move Ahead with Private Sector Retirement Savings Program