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 not offer its own qualified retirement plan. The law took effect immediately upon signing on October 21, 2021, though employers will have time to establish their participation in the program once it is launched, as discussed further below. The New York […]