{"data":{"id":"us-nyc/n.y.c.-admin.-code-20-1403","jurisdiction":"us-nyc","citation":"N.Y.C. Admin. Code § 20-1403","heading":"§ 20-1403 Establishment of the retirement savings program.","body":"Subject to applicable federal and state law, the board, in coordination with the comptroller with respect to the authority described in section 20-1406, shall establish a retirement savings program as set forth by this chapter, either directly or indirectly through agreement with an administrator pursuant to section 20-1405, for the purpose of promoting greater retirement savings for individuals in the New York city private sector. The program shall be designed and operated in a manner that will cause it not to constitute an employee benefit plan within the meaning of section 3(3) of the employee retirement income security act of 1974.\n\n(L.L. 2021/051, 5/11/2021, eff. 8/9/2021)","path":["New York City Administrative Code","Title 20","Chapter 14: Savings Access New York – Board and Program for Private Sector Employee Retirement Savings"],"source_url":"https://files.amlegal.com/pdffiles/NewYorkCity/Admin/XML.zip","current_through":"Local Law 2026/135 (enacted August 31, 2026)","vintage":"","retrieved_at":"2026-09-06T02:48:57Z","sha256":"839d5f4fac5dea3a011eb3804888a69a15b09cb46fcc0ef013957f9245508202","source_id":"us-nyc","stale":false,"prev":"us-nyc/n.y.c.-admin.-code-20-1402","next":"us-nyc/n.y.c.-admin.-code-20-1404"},"notice":"GroundRules: Original legal text. Not legal advice."}