New York § 1301 Program established

New York Statutes

§ 1301 — Program established

New York·Law GBS General Business·Art. 43 New York State Secure Choice Savings Program

  § 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

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§ 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

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