New York § 1302 Composition of the board

New York Statutes

§ 1302 — Composition of the board

New York § 1302

Law GBSGeneral Business

Art. 43New York State Secure Choice Savings Program

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Bluebook

N.Y. General Business § 1302 (2026).

Text

  § 1302. Composition of the board. There is hereby created the New York\nstate secure choice savings program board.\n  1. The board shall consist of the following seven members:\n  (a) the commissioner, or his or her designee, who shall serve as\nchair;\n  (b) the state comptroller, or his or her designee;\n  (c) the superintendent, or his or her designee;\n  (d) two public representatives with expertise in retirement savings\nplan administration or investment, or both, one of whom shall be\nappointed by the speaker of the assembly and one of whom shall be\nappointed by the temporary president of the senate;\n  (e) a representative of participating employers, appointed by the\ngovernor; and\n  (f) a representative of enrollees, appointed by the governor.\n  2. Members of the board shall s

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§ 1302. Composition of the board. There is hereby created the New York\nstate secure choice savings program board.\n 1. The board shall consist of the following seven members:\n (a) the commissioner, or his or her designee, who shall serve as\nchair;\n (b) the state comptroller, or his or her designee;\n (c) the superintendent, or his or her designee;\n (d) two public representatives with expertise in retirement savings\nplan administration or investment, or both, one of whom shall be\nappointed by the speaker of the assembly and one of whom shall be\nappointed by the temporary president of the senate;\n (e) a representative of participating employers, appointed by the\ngovernor; and\n (f) a representative of enrollees, appointed by the governor.\n 2. Members of the board shall serve without compensation but may be\nreimbursed for necessary travel expenses incurred in connection with\ntheir board duties from funds appropriated for the purpose.\n 3. The initial appointments shall be as follows: the public\nrepresentatives for four years; the representative of participating\nemployers for three years; and the representative of enrollees for three\nyears. Thereafter, all the governor's appointees shall be for terms of\nfour years.\n 4. A vacancy in the term of an appointed board member shall be filled\nfor the balance of the unexpired term in the same manner as the original\nappointment.\n