NY S08087

Eliminates the "participating individual" category from the New York state secure choice savings program, consolidating all program participants under the single "enrollee" classification.

Removes provisions that allowed individuals to enroll in the program independent of employment relationships, restricting enrollment to employees of participating employers.

Repeals section 1310-a of the general business law, which previously established separate enrollment and participation processes for non-employees.

Simplifies program administration by removing separate informational materials and disclosure requirements for participating individuals, maintaining only employee-focused materials.

Takes effect on the same date as the 2023 legislation (S. 2399 and A. 4529) that established the secure choice savings program framework.