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 .
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.
|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|
List of current board members: