On March 28, 2019, Governor Phil Murphy signed the New Jersey Secure Choice Savings Program Act – a law that will create a workplace retirement savings option for private sector workers in the Garden State.
AARP Applauds Governor, Legislators for Including Voluntary Workplace Retirement Savings Option in Final 2018-19 Budget
Senate, Assembly State Budget Proposals Include Voluntary “Secure Choice” Program, Following Game-Changing Proposal in Governor’s Executive Budget
AARP Van Tour Asks Flanagan, Senators to Include Governor’s “Secure Choice” Retirement Savings Proposal in Final State Budget
Cuomo Retirement Savings Proposal: Hochul, Bestselling Finance Author Jean Chatzky, 37 Groups Urge Passage
100+ AARP Volunteers from Across NYS Urge Legislators to Include Governor’s Voluntary “Secure Choice” Option in Final State Budget
Voluntary “Secure Choice” Program Would Allow Businesses to Offer Workplace Savings Option, Provide Employees Easy Way to Save
Secure Choice, a voluntary workplace retirement savings option that could help millions of working New Yorkers save for their futures on the job, was enacted into law as part of the 2018-19 New York State Budget. When the program is fully implemented as expected in two years, Secure Choice will provide a convenient way for people to save at work - and continue saving even if they change jobs.
69% of companies that don’t offer a plan say cost is a concern; “Secure Choice” would afford them a state-facilitated option
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