New York § 1313 Duty and liability of participating employers

New York Statutes

§ 1313 — Duty and liability of participating employers

New York § 1313

Law GBSGeneral Business

Art. 43New York State Secure Choice Savings Program

This text of New York § 1313 (Duty and liability of participating employers) is published on Counsel Stack Legal Research, covering New York primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.Y. General Business § 1313 (2026).

Text

  § 1313. Duty and liability of participating employers. 1.\nParticipating employers shall not have any liability for an employee's\ndecision regarding whether to participate in, or opt out of, the program\nor for the investment decisions of the board or of any enrollee.\n  2. A participating employer is not establishing or maintaining the\nprogram's payroll deduction IRA. A participating employer shall not be a\nfiduciary, or considered to be a fiduciary, over the program. A\nparticipating employer shall not bear responsibility for the\nadministration, investment, or investment performance of the program. A\nparticipating employer shall not be liable with regard to investment\nreturns, program design, and benefits paid to program participants.\n

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§ 1313. Duty and liability of participating employers. 1.\nParticipating employers shall not have any liability for an employee's\ndecision regarding whether to participate in, or opt out of, the program\nor for the investment decisions of the board or of any enrollee.\n 2. A participating employer is not establishing or maintaining the\nprogram's payroll deduction IRA. A participating employer shall not be a\nfiduciary, or considered to be a fiduciary, over the program. A\nparticipating employer shall not bear responsibility for the\nadministration, investment, or investment performance of the program. A\nparticipating employer shall not be liable with regard to investment\nreturns, program design, and benefits paid to program participants.\n