assembly Bill A3213A

Signed By Governor
2021-2022 Legislative Session

Relates to the secure choice savings program

download bill text pdf

Sponsored By

Current Bill Status - Signed by Governor


  • Introduced
  • In Committee
  • On Floor Calendar
    • Passed Senate
    • Passed Assembly
  • Delivered to Governor
  • Signed by Governor

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Actions

view actions (14)
Assembly Actions - Lowercase
Senate Actions - UPPERCASE
Oct 21, 2021 signed chap.452
Oct 13, 2021 delivered to governor
Jun 07, 2021 returned to assembly
passed senate
3rd reading cal.1450
substituted for s5395a
May 11, 2021 referred to consumer protection
delivered to senate
passed assembly
May 06, 2021 advanced to third reading cal.299
May 04, 2021 reported
Mar 04, 2021 print number 3213a
Mar 04, 2021 amend and recommit to governmental employees
Jan 22, 2021 referred to governmental employees

Co-Sponsors

view additional co-sponsors

A3213 - Details

See Senate Version of this Bill:
S5395
Law Section:
General Business Law
Laws Affected:
Amd §§1301, 1304, 1309, 1313, 1310 & 1300, Gen Bus L
Versions Introduced in 2019-2020 Legislative Session:
A5978, S6115

A3213 - 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.

A3213 - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                   3213
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 22, 2021
                                ___________
 
 Introduced by M. of A. RODRIGUEZ, MONTESANO, FAHY, PEOPLES-STOKES, WOER-
   NER,   WEPRIN,  BARRON,  GOTTFRIED,  PALMESANO,  SANTABARBARA,  RAMOS,
   PICHARDO, JOYNER, EPSTEIN,  AUBRY,  DeSTEFANO,  CRUZ,  LAVINE,  GLICK,
   SIMON,  CARROLL,  FERNANDEZ -- Multi-Sponsored by -- M. of A. GALEF --
   read once and referred to the Committee on Governmental Employees

 AN ACT to amend the general business law,  in  relation  to  the  secure
   choice savings program
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 1301 of the  general  business  law,  as  added  by
 section  2  of  part  X of chapter 55 of the laws of 2018, is amended to
 read as follows:
   § 1301. Program established. There is hereby established a  retirement
 savings  program  in  the  form  of  [a] AN AUTOMATIC ENROLLMENT payroll
 deduction IRA, known  as  the  New  York  state  secure  choice  savings
 program.  The  general  administration and responsibility for the proper
 operation of the program shall be administered  by  the  board  for  the
 purpose  of  promoting  greater  retirement  savings  for private-sector
 employees in a convenient, low-cost, and portable manner. The board  may
 delegate  such  authority  and  responsibility  for  the development and
 implementation of the program to the department of taxation and  finance
 as the board deems proper.
   § 2. Subdivisions 7 and 9 of section 1304 of the general business law,
 as  added  by section 2 of part X of chapter 55 of the laws of 2018, are
 amended to read as follows:
   7. Evaluate and establish or authorize the process for:
   (a) an enrollee to contribute a portion of his or  her  wages  to  the
 program via payroll deduction; and
   (b)  the  [voluntary]  enrollment  of  participating  employers in the
 program.
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03146-01-1

Co-Sponsors

view additional co-sponsors

A3213A (ACTIVE) - Details

See Senate Version of this Bill:
S5395
Law Section:
General Business Law
Laws Affected:
Amd §§1301, 1304, 1309, 1313, 1310 & 1300, Gen Bus L
Versions Introduced in 2019-2020 Legislative Session:
A5978, S6115

A3213A (ACTIVE) - 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.

A3213A (ACTIVE) - Bill Text download pdf

 
                     S T A T E   O F   N E W   Y O R K
 ________________________________________________________________________
 
                                  3213--A
 
                        2021-2022 Regular Sessions
 
                           I N  A S S E M B L Y
 
                             January 22, 2021
                                ___________
 
 Introduced by M. of A. RODRIGUEZ, MONTESANO, FAHY, PEOPLES-STOKES, WOER-
   NER,   WEPRIN,  BARRON,  GOTTFRIED,  PALMESANO,  SANTABARBARA,  RAMOS,
   PICHARDO, JOYNER, EPSTEIN,  AUBRY,  DeSTEFANO,  CRUZ,  LAVINE,  GLICK,
   SIMON,  CARROLL, FERNANDEZ, JACOBSON, GALEF, McDONALD, DICKENS -- read
   once and referred  to  the  Committee  on  Governmental  Employees  --
   committee  discharged,  bill amended, ordered reprinted as amended and
   recommitted to said committee
 
 AN ACT to amend the general business law,  in  relation  to  the  secure
   choice savings program
 
   THE  PEOPLE OF THE STATE OF NEW YORK, REPRESENTED IN SENATE AND ASSEM-
 BLY, DO ENACT AS FOLLOWS:
 
   Section 1. Section 1301 of the  general  business  law,  as  added  by
 section  2  of  part  X of chapter 55 of the laws of 2018, is amended to
 read as follows:
   § 1301. Program established. There is hereby established a  retirement
 savings  program  in  the  form  of  [a] AN AUTOMATIC ENROLLMENT payroll
 deduction IRA, known  as  the  New  York  state  secure  choice  savings
 program.  The  general  administration and responsibility for the proper
 operation of the program shall be administered  by  the  board  for  the
 purpose  of  promoting  greater  retirement  savings  for private-sector
 employees in a convenient, low-cost, and portable manner. The board  may
 delegate  such  authority  and  responsibility  for  the development and
 implementation of the program to the department of taxation and  finance
 as the board deems proper.
   § 2. Subdivisions 7 and 9 of section 1304 of the general business law,
 as  added  by section 2 of part X of chapter 55 of the laws of 2018, are
 amended to read as follows:
   7. Evaluate and establish or authorize the process for:
   (a) an enrollee to contribute a portion of his or  her  wages  to  the
 program via payroll deduction; and
 
  EXPLANATION--Matter in ITALICS (underscored) is new; matter in brackets
                       [ ] is old law to be omitted.
                                                            LBD03146-02-1