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New York Employers Without Sponsored Retirement Plans Must Automatically Enroll Employees in State-Run Retirement Program
Davis Wright Tremaine LLP
[Guidance Overview] Oct. 29, 2021 "The Program is intended to be a self-sufficient retirement savings program in the form of a Roth individual retirement account (IRA). Its development and implementation will be overseen by the New York State Department of Taxation and Finance. However, enrollment in the Program is not yet open and implementation is not expected until 2022." |
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