"A new rule would clear regulatory barriers that might otherwise stop large municipalities such as New York from setting up plans for all workers -- not just those who work for local government.... Out of almost 90,000 local governments in the U.S., the [DOL] estimates that only about 88 would be eligible. First, jurisdictions would need authority under state law to set up the program. They also couldn't overlap with an existing statewide retirement plan, ... Finally, they'd need to have a population greater than the least-populous state. (That's Wyoming, population 586,000.)"

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