- Associated Press - Wednesday, May 27, 2015

ALBANY, N.Y. (AP) - AARP is calling for New York lawmakers to establish a new, state-facilitated retirement fund to help people save money who don’t have workplace access to one.

The group says its recent surveys of 400 members of Generation X and an equal number of Baby Boomers shows many could benefit from such a fund that would have no ongoing taxpayer costs.

Workers would contribute to that fund like others do to employer-sponsored 401K plans.

According to AARP, its surveys showed 29 percent of Boomers ranging in age from 51 to 69 lack access to a workplace retirement savings plan.

Some 20 percent of Gen Xers, ranging from 35 to 50 years old, are in the same boat.

The surveys claim a margin of error of 5 percent.

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