NY A05813

Creates a State Financial Literacy Commission to improve financial literacy and financial capability of New York residents.

Commission composed of 15+ members including the State Comptroller, Commissioner of Education, legislators, educators, school administrators, higher education representatives, and nonprofit and financial services industry representatives.

Establishes co-chair structure with State Comptroller and a non-state employee appointed by the Governor serving as co-chairs.

Commission authorized to collaborate with state agencies, businesses, and nonprofits to implement financial literacy programs across K-12 schools and for adults, with focus on low-income residents and retirement savings.

Requires commission to maintain inventory of financial literacy initiatives, track key performance indicators, pursue outside funding, and issue annual progress reports to the Governor and Legislature.