New York City · Through Local Law 2026/135 (enacted August 31, 2026)

N.Y.C. Admin. Code § 20-1408: § 20-1408 Rulemaking.

Where this section sits in the code

New York City Administrative Code
Title 20
Chapter 14: Savings Access New York – Board and Program for Private Sector Employee Retirement Savings

The board and the comptroller may each promulgate rules to implement the provisions of this chapter concerning their respective powers.

a. Such rules may establish variations from the requirements otherwise established by this chapter in order to ensure that this program does not conflict with, and is not otherwise preempted by, state or federal law, including the employee retirement income security act of 1974, and to ensure that this program does not constitute an employee benefit plan under such act, provided that such variations are not inconsistent with the overall purpose and policy of this chapter.

b. Such rules may include any provisions necessary to ensure exemption from the employee retirement income security act of 1974.

(L.L. 2021/052, 5/11/2021, eff. 8/9/2021)

Collected 2026-09-06T02:48:57Z. Source file · JSON

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