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Legislation to create worker retirement plans goes to Murphy


February 22, 2019 |

Co-sponsored by Sens. Joseph Lagana, D-38th of Paramus, and Troy Singleton, D-7th of Delran, the legislation would establish individual retirement accounts for private sector employees who aren’t already offered retirement plans through their employers, as well as a state board to implement and oversee the program.

TRENTON — Legislation creating state-administered retirement accounts for workers who aren’t offered pensions, 401(k)s or other retirement savings plans through their jobs is headed to Gov. Phil Murphy’s desk.

The Senate voted 29-6 on Thursday to give final legislative approval to the bill, known as the New Jersey Secure Choice Savings Program Act.

Read the full article from the Burlington County Times