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This entry was published on 2018-04-20
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SECTION 1302
Composition of the board
General Business (GBS) CHAPTER 20, ARTICLE 43
§ 1302. Composition of the board. There is hereby created the New York
state secure choice savings program board.

1. The board shall consist of the following seven members:

(a) the commissioner, or his or her designee, who shall serve as
chair;

(b) the state comptroller, or his or her designee;

(c) the superintendent, or his or her designee;

(d) two public representatives with expertise in retirement savings
plan administration or investment, or both, one of whom shall be
appointed by the speaker of the assembly and one of whom shall be
appointed by the temporary president of the senate;

(e) a representative of participating employers, appointed by the
governor; and

(f) a representative of enrollees, appointed by the governor.

2. Members of the board shall serve without compensation but may be
reimbursed for necessary travel expenses incurred in connection with
their board duties from funds appropriated for the purpose.

3. The initial appointments shall be as follows: the public
representatives for four years; the representative of participating
employers for three years; and the representative of enrollees for three
years. Thereafter, all the governor's appointees shall be for terms of
four years.

4. A vacancy in the term of an appointed board member shall be filled
for the balance of the unexpired term in the same manner as the original
appointment.