Bill > S1841

Introduced Session

The bill creates the "New Jersey Workplace Skills Savings Program", enabling workers to make annual investments in job training and makes a $25 million appropriation. Under the bill, residents or employees of businesses in the State will be able to set up an individual savings account which can be used to pay for job training, license fees, or other career development activities. Enrollees can deposit up to $1,000 in any calendar year in the account, and the State will match contributions on a dollar-for-dollar basis. The Department of Labor and Workforce Development will administer the program and the Department of the Treasury will manage financial responsibilities related to the trust fund and associated individual savings accounts. The department will produce an annual financial report and summary of the benefits supplied under the program to provide the status of key measurement metrics related to the program. The bill appropriates $25 million to effectuate the provisions of the bill, including the provision of matching funds.

AI Summary

Committee Categories

Angela Mcknight (D)*,  Troy Singleton (D)*, 

Referred to Senate Budget and Appropriations Committee (on 03/02/2026)

Official Document