State Launches Worker Secure Choice Retirement Savings Plan
Abstract: The state government is now sponsoring a retirement savings program for private sector employees who lack access to a workplace plan. Body: The state government is now sponsoring a retirement savings program for private sector employees who lack access to a workplace plan. Gov. Kathy Hochul announced the program, called New York State Secure Choice Savings Program, earlier this month. The plan lets employees save automatically through payroll deductions into a Roth IRA. it’s designed to be easy for employers to implement.What You Need to KnowStarting soon (expected late 2025), New York State law will require most businesses with:10+ employees,Two or more years in operation, andNo existing retirement…