The city of Seattle, Washington will have the first city-facilitated retirement savings plan administered by an outside private party in the country. (Photo: Shutterstock)

The federal government may be backing off from helping Americans without a retirement plan gain access to one, but not so the city of Seattle.

Tim Burgess, mayor of Seattle, Washington, signed legislation that establishes a Seattle Retirement Savings Plan, making the program the first city-facilitated retirement savings plan administered by an outside private party in the country.

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