March 10, 2026
Client Alert: New York’s Mandatory Retirement Savings Program: What Employers Need to Know Before March 16, 2026
New York employers who do not offer a retirement plan are about to face a new compliance obligation. The New York Secure Choice Savings Program requires covered private-sector employers to automatically enroll their employees in a state-facilitated Roth IRA through payroll deduction. With the first compliance deadline arriving on March 16, 2026, employers should assess their obligations now. New York joins a growing list of states that mandate retirement savings plans: California (CalSavers), Colorado (SecureSavings), Connecticut (MyCTSavings), Delaware (Delaware EARNS), Illinois (Secure Choice), Maine (MERIT), Maryland (MarylandSaves), New Jersey (Secure Choice), Oregon (OregonSaves), Vermont (VT Saves), and Virginia (RetirePathVA).