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Secure Choice Savings Program

About the Secure Choice Savings Program

Governor Phil Murphy signed the New Jersey Secure Choice Act (P.L. 2019 c. 56) in March of 2019, authorizing the creation of the Secure Choice Savings Program – a state-sponsored retirement plan designed to help more private sector employees save for the future. The program is independently administered by the Secure Choice Savings Board, which held its first organizational meeting on December 15, 2021.

The Board is presently working on implementation of the program, which is not yet operational. Please check back here for future updates.

For your reference, the statute authorizing the program can be viewed online .

Join our email list to receive updates about the Secure Choice Savings Program as it advances.

Grow Savings
Statement

Information for Employers Covered By The Secure Choice Act: Once the Secure Choice Savings Program is operational, the Secure Choice Act requires private sector employers covered by the Act to comply with its provisions. See N.J.S.A. 43:23-31. However, this section of the Act does not become operative until nine months after the Secure Choice Board notifies Treasury that the program has been implemented. Upon receipt of the notice from the Board, Treasury shall immediately post on its website a notice that the Program is implemented and the date on which this section becomes operative. Currently, the Program is not yet operational.

Notices

July 8, 2022 at 10:00 AM. - Notice of Public Meeting – Secure Choice Program Board Meeting. Register for the meeting.

Date Title
Document Type
July 2022 Board Package
May 2022 Board Package
March 2022 Board Package
January 2022 Notice of Open Public Meetings
January 2022 Board Package
December 2021 Approved Minutes
December 2021 Board Package
Board Members

List of current board members:

  • Elizabeth Maher Muoio,
    Chair; ex-officio Member; Treasurer of the State of New Jersey
  • Evelyn Liebman,
    Vice Chair; public Member
  • Lynn Azarchi,
    ex-officio Member; Director of the Office of Management and Budget
  • Kevin Walsh,
    ex-officio Member; Acting State Comptroller
  • Luis O De La Hoz,
    public Member
  • Charles Hall Jr.,
    public Member

Last Updated: Friday, 07/01/22