NY S08697

Requires employers with at least 100 employees in New York State who have been in business for at least two years to establish dependent care flexible spending account programs, if they have not offered such accounts in the preceding two years

Mandates that program administrators disseminate information about the program annually using at least three different communication modes

Allows employees to request payroll deductions to fund their dependent care flexible spending accounts, with contributions limited to amounts permitted under IRS Section 129

Specifies that account funds remain the property of the participating employer, with unexpended balances at the end of the plan year returned to employer control

Provides that deferred salary under the program counts toward annual compensation for calculating retirement benefits, consistent with IRS Section 125