A 228
Requires public employers that offer deferred compensation retirement plans to also offer Roth contribution option.
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- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
Bill overview
This bill requires New Jersey public employers, such as municipalities and school districts, that offer deferred compensation retirement plans to also provide employees with the option to make Roth contributions. Roth contributions are made after-tax, allowing for tax-free withdrawals in retirement. The bill updates existing state law to ensure this option is available to all participants in these plans.
Sponsors
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Primary sponsor
John Azzariti
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