Bill > S1828

This bill amends the New Jersey Secure Choice Savings Program Act to significantly lower the threshold for businesses required to participate. Previously, only businesses with 25 or more employees were mandated to offer this retirement savings program, but this legislation changes that requirement to businesses with just one or more employees, effectively expanding the program's reach to nearly all employers in the state. The bill also removes the specific definition of "small employer" to reflect this broader inclusion, ensuring that the program is accessible to a much larger segment of New Jersey's workforce.