About the New York State Secure Choice Savings Program

About New York Secure Choice

The New York State Secure Choice Savings Program (New York Secure Choice) is New York’s retirement savings program for private-sector employees who do not have access to a retirement plan at work. This new program provides an easy way for employees working in New York State to save for the future and is simple for employers to facilitate. Through automatic enrollment and payroll deduction, savers can contribute to Roth Individual Retirement Accounts (IRAs).

New York employers with 10 or more employees and who have been in business for at least two years must facilitate the program if they do not already offer a qualified retirement plan to their employees. New York Secure Choice will notify employers who are required to facilitate the program when it’s time to register.

New York Secure Choice is overseen by the New York Secure Choice Savings Program Board.