New York § 21-A - 21-ACompany pension plans; deductions from wages trust moneys; preference
Full text of New York New York Consolidated Laws § 21-A — 21-ACompany pension plans; deductions from wages trust moneys; preference, with citation guidance and answers to common questions.
§ 21-A. 21-ACompany pension plans; deductions from wages trust moneys; preference
§ 21-a. Company pension plans; deductions from wages trust moneys; preference. Moneys contributed from wages or salary by an employee or former employee under any retirement system or plan maintained or operated by a domestic corporation, association, co-partnership or joint-stock company, together with all accumulations of interest, shall belong to the employee making the contributions and be deemed to be held in trust by the employer for the benefit of the employee. In all distribution of assets of such an employer or former employer, whether insolvent or otherwise, the amount so contributed, together with such accumulations of interest, shall first be paid to the employee or former employee, his executors, administrators or assigns, before payment of unsecured creditors.
Source: official New York text · Last verified 2026-08-27
Frequently Asked Questions About New York § 21-A
What does New York Consolidated Laws § 21-A cover?
Section 21-A ("21-ACompany pension plans; deductions from wages trust moneys; preference") is part of the New York Consolidated Laws, the codified statutory law of New York. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New York § 21-A?
A common citation format is "New York Consolidated Laws § 21-A" (New York). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New York law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New York official source linked on this page or consult a licensed New York attorney.
How does New York § 21-A apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New York can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New York.