PUBLISHED 5:46 AM ET May. 25, 2021 PUBLISHED 5:46 AM EDT May. 25, 2021
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More than a dozen consumer, civil rights, and business groups on Monday urged state lawmakers to give final approval to a bill that s designed to aid the state s savings program for private-sector workers by creating a system of automatic enrollment.
The measure, backed by AARP New York and 15 other groups, would address New York s Secure Choice Savings Program, and require private companies with at least 10 workers who do not already provide their workers with a retirement option to offer them a portable, payroll-deduction IRA and enroll workers automatically unless they choose to opt out.