Requires public employers that offer deferred compensation retirement plans to also offer Roth contribution option.
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Progress
Where this bill stands in the legislative process.
- Introduced
- Passed General Assembly
- Passed Senate
- To Governor
- Became Law
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.
Bill text
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Document of record
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Sponsors
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1 on record
Primary sponsor
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