Senate BillIntroduced
S 5728: Expands participation in the New York state secure choice savings program.
What S 5728 does, verified January 8, 2026
The bill aims to expand participation in the New York State Secure Choice Savings Program by defining who is eligible to participate. To be eligible, an employer must have at least five employees in the state, have been in business for at least two years, and not offer a qualified retirement plan in the past two years. The bill will take effect on January 1, the day after it becomes a law.
Bill journey
1IntroducedCurrent
2In CommitteePending
3First Chamber FloorPending
4Second ChamberPending
5GovernorPending
6ChapteredPending
Last action: REFERRED TO CONSUMER PROTECTION (2026-01-07)Alert me
Quick answers about S 5728
- What is the current status of S 5728?
- As of January 8, 2026, S 5728 is recorded as "Introduced": it has been introduced and is waiting for its first committee hearing or floor vote. The last recorded action, on January 7, 2026, was "REFERRED TO CONSUMER PROTECTION".
- Did S 5728 pass?
- Not yet. S 5728 has been introduced and has not passed either house.
- Who wrote S 5728, and where is it now?
- S 5728 was authored by Sen. Peter Harckham. Its committee of record is Assembly Consumer Affairs & Protection.
Author and sponsors
Full contact details, staff, and committees with Connect, $16/moUnlockRecent actions2 total · showing 2
| Jan. 07, 2026 | REFERRED TO CONSUMER PROTECTION |
| Feb. 28, 2025 | REFERRED TO CONSUMER PROTECTION |
Latest bill textIntroduced version, February 28, 2025 · 274 words
STATE OF NEW YORK ________________________________________________________________________ 5728 2025-2026 Regular Sessions IN SENATE February 28, 2025 ___________ Introduced by Sen. HARCKHAM -- read twice and ordered printed, and when printed to be committed to the Committee on Consumer Protection AN ACT to amend the general business law, in relation to expanding participation in the New York state secure choice savings program The People of the State of New York, represented in Senate and Assem- bly, do enact as follows: 1 Section 1. Subdivision 4 of section 1300 of the general business law, 2 as amended by chapter 776 of the laws of 2023, is amended to read as 3 follows: 4 4. "Employer" shall mean a person or entity engaged in a business, 5 industry, profession, trade, or other enterprise in New York state, 6 whether for profit or not for profit, that (i) has at all times during 7 the previous calendar year employed at least [ten] five employees in the 8 state, (ii) has been in business at least two years, and (iii) has not 9 offered a qualified retirement plan, including, but not limited to, a 10 plan qualified under sections 401(a), 401(k), 403(a), 403(b), 408(k), 11 408(p) or 457(b) of the Internal Revenue Code of 1986 in the preceding 12 two years. 13 § 2. This act shall take effect on the first of January next succeed- 14 ing the date on which it shall have become a law. EXPLANATION--Matter in italics (underscored) is new; matter in brackets [] is old law to be omitted. LBD10467-01-5
Text of S 5728 as introduced, from the official record. Connect Plus keeps every version and highlights what changed.Compare versions