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Bill > A03213

NY A03213

NY A03213
Ensures that employees are automatically enrolled into the secure choice savings program and if they do not want to participate in the program, they must opt out.

summary

Introduced
01/22/2021
In Committee
05/11/2021
Crossed Over
06/07/2021
Passed
10/13/2021
Dead
Signed/Enacted/Adopted
10/21/2021

Introduced Session

2021-2022 General Assembly

Bill Summary

Ensures that employees are automatically enrolled into the secure choice savings program and if they do not want to participate in the program, they must opt out.

AI Summary

This bill amends the New York State Secure Choice Savings Program to make it an automatic enrollment program. Specifically, it requires employers to automatically enroll employees into the program, but employees can opt out if they choose not to participate. The bill also removes the requirement that employers must not have offered a qualified retirement plan in the preceding two years to be considered an "employer" under the program. Additionally, the bill clarifies the process for employees to select their contribution level, change their participation, and access program information.

Committee Categories

Business and Industry, Labor and Employment

Sponsors (43)

Sandy Galef (D)*,  Robert Rodriguez (D)*,  Peter Abbate (D),  Jeffrion Aubry (D),  Charles Barron (D),  Ed Braunstein (D),  Chris Burdick (D),  Robert Carroll (D),  Vivian Cook (D),  Catalina Cruz (D),  Carmen De La Rosa (D),  Joe DeStefano (R),  Inez Dickens (D),  Harvey Epstein (D),  Patricia Fahy (D),  Nathalia Ferna´ndez (D),  Deborah Glick (D),  Jessica González-Rojas (D),  Richard Gottfried (D),  Judy Griffin (D),  Jonathan Jacobson (D),  Latoya Joyner (D),  Anna Kelles (D),  Charles Lavine (D),  Donna Lupardo (D),  John McDonald (D),  Marcela Mitaynes (D),  Danny O'Donnell (D),  Phil Palmesano (R),  Crystal Peoples-Stokes (D),  Victor Pichardo (D),  Dan Quart (D),  Phil Ramos (D),  Karines Reyes (D),  Diana Richardson (D),  Angelo Santabarbara (D),  Rebecca Seawright (D),  Amanda Septimo (D),  Jo Anne Simon (D),  Al Stirpe (D),  Al Taylor (D),  David Weprin (D),  Carrie Woerner (D), 

Last Action

signed chap.452 (on 10/21/2021)
(1 Companion Bills)

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