News & Analysis as of

Employee Benefits New York Retirement Plan

Jackson Lewis P.C.

Countdown to Compliance: What Employers Need to Know About New York’s Secure Choice Savings Program

Jackson Lewis P.C. on

New York has officially joined the growing list of states requiring certain private employers to offer retirement savings options. The New York Secure Choice Savings Program (Secure Choice or the Program) is moving closer to...more

Mintz - Employment Viewpoints

NY State Secure Choice Savings Program Implementation Phase Begins

Last year, New York State joined an ever growing number of states requiring certain employers to either offer employees a retirement savings plan or enroll in the applicable state program. More specifically, the New York...more

Fisher Phillips

New York Employers Soon Required to Enroll Employees in Retirement Savings Plan

Fisher Phillips on

New York employers that don’t sponsor their own retirement plans will soon be required to automatically enroll employees in New York’s state-run savings plan. Lawmakers originally created the New York State Secure Choice...more

Nelson Mullins Riley & Scarborough LLP

New York Employer Alert: Updated State Retirement Program Enrollment Requirements for Private Employers

Last month, New York Governor Kathy Hochul signed a new law requiring private employers that meet certain criteria to automatically enroll their employees in the State’s Secure Choice Savings Program (the “Program”), a...more

Davis Wright Tremaine LLP

New York Employers Without Sponsored Retirement Plans Must Automatically Enroll Employees in State-Run Retirement Program

New York has enacted legislation requiring certain private-sector employers that do not sponsor their own retirement plans to automatically enroll their employees in New York State's Secure Choice Savings Program. The...more

Proskauer - Law and the Workplace

New York State to Require Certain Private Employers to Automatically Enroll Employees in State Retirement Program

New York Governor Kathy Hochul has signed into law a bill that will require certain private employers in the state to automatically enroll their employees in a state-administered retirement savings plan if the employer does...more

Jackson Lewis P.C.

New Mandatory Retirement Plan Requirement For Certain New York City Employers

Jackson Lewis P.C. on

On May 11, 2021, the City Council of New York enacted a local law to establish a retirement savings program for certain employees of private entities. What are the Details? The new law creates a mandatory...more

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