New York Governor Kathy Hochul last week signed AO3213A into law thereby mandating that private employers with 10 or more employees who do not provide a retirement savings plan must automatically enroll their workers in the New York State Secure Choice Savings Plan. The Secure Choice Savings Plan was first filed in 2015 and ultimately created in 2018 as an automatic enrollment payroll deduction IRA where enrollment was entirely optional. Now, those parameters have changed and covered private employers – in the absence of a separate retirement plan – must enroll their employees in the Secure Choice Savings Plan or another suitable retirement plan. Earlier this year, New York City similarly created an employee retirement mandate for private employers with 5 or more employees who do not already offer a retirement savings plan. The Retirement Security for All law, which Mayor de Blasio signed back in May, requires private employers to enroll their workers in a retirement plan but does not yet require that they contribute any funds for the employee’s benefit – only that they enroll them in the plan. Under this most recent amendment to the state Secure Choice Plan, the Department of Taxation and Finance is charged with overseeing the development and implementation of the program “as the board sees fit.” What could possibly go wrong??