Bill
Bill > A480
NJ A480
NJ A480Requires use of direct deposit and Internet for State, local government, and school district employee compensation and certain retirement payments and information.
summary
Introduced
01/09/2024
01/09/2024
In Committee
01/09/2024
01/09/2024
Crossed Over
Passed
Dead
Introduced Session
2024-2025 Regular Session
Bill Summary
This bill requires that the State Treasurer directly deposit net pay for all public employees of the State into an account in a banking institution designated by the employee, commencing January 1st following the bill's enactment. This requirement will also apply to State entities that do not use the centralized payroll system, including public institutions of higher education. The bill makes the same requirement for all county and municipal government employees. Currently, public employees have the option to designate in writing a specific banking institution and a checking account, savings account, or share account for receipt of the direct deposit. Commencing on January 1st following enactment of the bill, this option will be eliminated and direct deposit will be mandatory. In addition, all information concerning net pay and any accompanying information will be available to the employee only on the Internet with restricted access to protect the integrity and confidentiality of the information. The bill also mandates that the boards of education for every school district have net pay for all employees directly deposited, in the manner described above, and accompanying information made available to the employee only on the Internet in a similar manner as required for State and local employees. Finally, the bill mandates that all recurring payments from State and locally administered retirement systems for public employees who retire on or after January 1st following the enactment of the bill be directly deposited for all recipients into a specific banking institution in a checking account, savings account, or share account designated in writing by the recipient, and that all information concerning net retirement payments be made available to the recipient only on the Internet in the same manner as for public employees.
AI Summary
This bill requires the use of direct deposit and the Internet for employee compensation and certain retirement payments in the State, local governments, and school districts. Commencing January 1st following the bill's enactment, the State Treasurer, county and municipal governments, and school district boards of education must directly deposit the net pay of all public employees into a designated banking account, and make all related information available only on the Internet with restricted access. The bill also mandates that all recurring payments from State and locally-administered retirement systems for public employees who retire on or after January 1st following the bill's enactment be directly deposited into a designated banking account, with the payment information available only on the Internet.
Committee Categories
Government Affairs
Sponsors (1)
Last Action
Introduced, Referred to Assembly State and Local Government Committee (on 01/09/2024)
Official Document
bill text
bill summary
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bill summary
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bill summary
Document Type | Source Location |
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State Bill Page | https://www.njleg.state.nj.us/bill-search/2024/A480 |
BillText | https://pub.njleg.gov/Bills/2024/A0500/480_I1.HTM |
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