N.Y. Gen. Bus. Law § 1301
Program established
Redline — January 1, 2019 → current.View current text →
Current — January 1, 2022
As of January 1, 2019
§ 1301. Program established. There is hereby established a retirement\nsavings program in the form of a payroll deduction IRA, known as the New\nYork state secure choice savings program. The general administration and\nresponsibility for the proper operation of the program shall be\nadministered by the board for the purpose of promoting greater\nretirement savings for private-sector employees in a convenient,\nlow-cost, and portable manner. The board may delegate such authority and\nresponsibility for the development and implementation of the program to\nthe department of taxation and finance as the board deems proper.\n
§ 1301. Program established. There is hereby established a retirement\nsavings program in the form of an automatic enrollment payroll deduction\nIRA, known as the New York state secure choice savings program. The\ngeneral administration and responsibility for the proper operation of\nthe program shall be administered by the board for the purpose of\npromoting greater retirement savings for private-sector employees in a\nconvenient, low-cost, and portable manner. The board may delegate such\nauthority and responsibility for the development and implementation of\nthe program to the department of taxation and finance as the board deems\nproper.\n
Official source: NYS Open Legislation (New York State Senate). Reproduced from public-domain New York statutes; confirm against the official source for the current text. Not legal advice.