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New York City Enacts Mandatory Retirement Savings Program

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By Larry Tenenbaum on May 21, 2021
Posted in New York City Law, Retirement
Retirement plan with calculator pen and glasses

On May 11, 2021, New York City enacted the Retirement Security for All Act, Int. Nos. 888-A and 901-A (the Act), which establishes a retirement savings program for private employers with five or more employees if those employers do not otherwise offer employees a retirement plan or defined benefit pension plan.

The Act obligates New…

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