N.Y. GBS Law § 1300

§ 1300. Definitions. All terms shall have the same meaning as when\nused in a comparable context in the Internal Revenue Code. As used in\nthis article, the following terms shall have the following meanings:\n 1. "Board" shall mean the New York secure choice savings program board\nestablished under this article.\n 2. "Superintendent" shall mean the superintendent of the department of\nfinancial services.\n 2-a. "Commissioner" shall mean the commissioner of taxation and\nfinance.\n 2-b. "Comptroller" shall mean the comptroller of the state.\n 3. "Employee" shall mean any individual who is eighteen years of age\nor older, who is employed by an employer, and who earned wages working\nfor an employer in New York state during a calendar year.\n 4. "Employer" shall mean a person or entity engaged in a business,\nindustry, profession, trade, or other enterprise in New York state,\nwhether for profit or not for profit, that (i) has at all times during\nthe previous calendar year employed at least ten employees in the state,\n(ii) has been in business at least two years, and (iii) has not offered\na qualified retirement plan, including, but not limited to, a plan\nqualified under sections 401(a), 401(k), 403(a), 403(b), 408(k), 408(p)\nor 457(b) of the Internal Revenue Code of 1986 in the preceding two\nyears.\n 5. "Enrollee" shall mean any employee or individual who is enrolled in\nthe program.\n 6. "Internal Revenue Code" shall mean the Internal Revenue Code of\n1986, or any successor law, in effect for the calendar year.\n 7. "IRA" shall mean a Roth IRA (individual retirement account).\n 8. "Participating employer" shall mean an employer that facilitates\naccess to the program's payroll deduction IRA as provided for by this\narticle for its employees who are enrollees in the program.\n 9. "Payroll deduction IRA" shall mean an arrangement by which a\nparticipating employer facilitates access for enrollees to remit payroll\ndeduction contributions to the program.\n 10. "Program" shall mean the New York state secure choice savings\nprogram.\n 11. "Wages" means any compensation within the meaning of section\n219(f)(1) of the Internal Revenue Code that is received by an enrollee\nfrom a participating employer during the calendar year.\n