The Big Apple Joins a Small Crowd, With Possible Headaches for Local Employers
By EsqSocial Corporation 19/05/21
Seyfarth Synopsis: New York City has joined the growing list of jurisdictions to establish a mandatory auto-IRA retirement savings program for private sector employers who do not offer employees access to a retirement plan. By doing so, it becomes part of the trend to provide the opportunity for employees who do not have access to an employer-sponsored plan to save for their retirement during their working years through a payroll-deduction process....
By: Seyfarth Shaw LLP