NY S02399

Expands the New York secure choice savings program to include "participating individuals" (self-employed and freelancers aged 18+) in addition to private-sector employees, allowing enrollment independent of employer relationships.

Defines participating individuals as those with New York taxable income who enroll in the program directly, maintain accounts, and are not participating employees.

Permits participating individuals to make contributions via bank account transfers or other board-approved methods at self-selected frequency and contribution levels up to IRA deductible limits.

Requires the board to create and publicly distribute informational materials for participating individuals covering program benefits, risks, contribution processes, withdrawal procedures, and beneficiary selection.

Mandates program implementation and enrollment of participating individuals begin no later than December 31, 2024, and requires the board to establish a secure website for participating individuals to manage accounts and view contribution/investment information.