ALBANY, N.Y. — New York State is launching a state-sponsored retirement savings program for private-sector workers who don’t have access to a workplace retirement plan.
The New York State Secure Choice Savings Program aims to give residents an easy way to plan for their future. According to the state, over 50% of working New Yorkers don’t have access to a retirement plan through their employer.
The program is free and allows employees to save automatically through payroll deductions into portable Roth Individual Retirement Accounts they own and keep.
New York Secure Choice will notify employers that are required to facilitate the program and provide them with registration details. If you’re an eligible employer, you can enroll by visiting this page.
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