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The Laws of New York
Consolidated Laws of New York
CHAPTER 20
General Business
ARTICLE 43
New York State Secure Choice Savings Program
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SECTION 1307
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ARTICLE 43
New York State Secure Choice Savings Program
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SECTION 1309
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This entry was published on 2018-04-20
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SECTION 1308
Benefits
General Business (GBS) CHAPTER 20, ARTICLE 43
§ 1308. Benefits. Interest, investment earnings, and investment losses
shall be allocated to individual program accounts as authorized by the
board pursuant to this article. An individual's retirement savings
benefit under the program shall be an amount equal to the balance in the
individual's program account on the date the retirement savings benefit
becomes payable. The state shall have no liability for the payment of
any benefit to any enrollee in the program.