NY A04529

Establishes a "participating individual" category allowing self-employed and freelance workers aged 18+ with New York taxable income to enroll in the Secure Choice Savings Program independent of employer sponsorship.

Allows participating individuals to make voluntary contributions to Roth IRAs through personal bank accounts or other board-approved methods, with flexible contribution levels and frequency subject to Internal Revenue Code limits.

Requires the board to design and publicly disseminate educational materials for participating individuals covering program benefits, risks, contribution processes, withdrawal procedures, and beneficiary selection before enrollment opens.

Mandates a secure website for participating individuals to access account information including contributions, investment income, withdrawals, and balances, plus information on transferring accounts to other programs.

Sets December 31, 2024 as the deadline for the board to open the program for enrollment of participating individuals, with all new definitions and duties applying to both employees and participating individuals.