N.Y. General Business Law Section 1301
Program established

There is hereby established a retirement savings program in the form of an automatic enrollment payroll deduction IRA, known as the New York state secure choice savings program. The general administration and responsibility for the proper operation of the program shall be administered by the board for the purpose of promoting greater retirement savings for private-sector employees in a convenient, low-cost, and portable manner. The board may delegate such authority and responsibility for the development and implementation of the program to the department of taxation and finance as the board deems proper.

Source: Section 1301 — Program established, https://www.­nysenate.­gov/legislation/laws/GBS/1301 (updated Feb. 2, 2024; accessed Jan. 18, 2025).

Green check means up to date. Up to date

Accessed:
Jan. 18, 2025

Last modified:
Feb. 2, 2024

§ 1301’s source at nysenate​.gov

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