Mayor Bill de Blasio

Photo by Anthony Behar/Sipa US

De Blasio pitches retirement fund for private-sector workers in SOTC address

January 10, 2019 - 12:47 pm

NEW YORK (1010 WINS) -- Mayor Bill de Blasio says New York City will create a retirement fund for workers who lack access to employer-sponsored funds and will start a new Office to Protect Tenants.

De Blasio rolled out the new policy ideas for the city Thursday during the annual State of the City address.


We've already heard about some of those ideas, with word earlier this week of a health coverage plan for all New Yorkers and mandated paid vacations.

“Brothers and sisters, there’s plenty of money in the world. Plenty of money in this city,” de Blasio said. “It’s just in the wrong hands!”

RELATED: De Blasio guarantees health care for all New York City residents regardless of ability to pay | Malliotakis, Borelli hammer de Blasio on health care for all plan 

In the address, de Blasio also pitched a city-managed retirement fund for workers who lack access to employer-sponsored funds, and a tenant protection office.

"If fines and penalties don't cut it, we will seize buildings and put them into the hands of a non-profit that will treat tenants with the respect they deserve,'' the mayor said.

The mayor also promised to provide prescription eyeglasses to all kindergarteners and first-graders who need them, starting with the next school year.

The mayor also wants to increase bus speeds over the next two years in an effort to improve unreliable service since bus ridership in the city has been declining in recent years.

The plan to create a city-managed retirement fund would have to be passed by the City Council.

 De Blasio also says he will change the name of the city Department of Consumer Affairs to the Department of Consumer and Worker Protection.