Governor Phil Murphy signed the New Jersey Secure Choice Act (P.L. 2019 c. 56) in March of 2019, authorizing the creation of the Secure Choice Savings Program – a state-sponsored retirement plan designed to help more private sector employees save for the future. Thought the program has not started, the Secure Choice Saving Program website is now live. Once the Secure Choice Savings Program is operational, the Secure Choice Act requires private sector employers covered by the Act to comply with its provisions.
More details to come, please see program authorization here.
