The Obama administration approved not just the rule on city retirement plans, but another to help states create retirement plans; the Senate is expected to go after the state rule after the Easter recess.

It may be a forlorn hope, but five Democrats are approaching the president to ask that he not sign a Republican-passed bill that would ban cities from launching retirement plans.

Five Democratic senators, according to a Reuters report, are hoping to prevail over other advice Trump is getting from Republicans to reverse a Department of Labor rule enacted by the Obama administration that would help cities to launch retirement savings plans for low-income private-sector workers.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including cutting edge post-reform success strategies, access to educational webcasts and videos, resources from industry leaders, and informative Newsletters.
  • Exclusive discounts on ALM, BenefitsPRO magazine and events.
  • Access to other award-winning ALM websites including and

Already have an account?



Join BenefitsPRO

Don’t miss crucial news and insights you need to navigate the shifting employee benefits industry. Join now!

  • Unlimited access to - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including and
  • Exclusive discounts on and ALM events.

Already have an account? Sign In Now
Join BenefitsPRO

Copyright © 2023 ALM Global, LLC. All Rights Reserved.