New York State mandates auto-IRA plan
Private-sector employers that don't offer a retirement plan are now required to enroll workers in the state's program.
New York Gov. Kathy Hochul signed legislation Thursday requiring private-sector employers that don't provide their workers with a retirement plan to enroll them in the state’s auto-IRA program, the Secure Choice Savings Plan. The low-cost plan gives employees the freedom to opt out at any time.
Learn more about reprints and licensing for this article.