New Jersey will move forward with a new state-run retirement program, but it won’t resemble the bill New Jersey legislators put on the Governor’s desk last week.
Gov. Chris Christie issued a conditional veto of that bill, which would have created the Secure Choice retirement program, and required New Jersey businesses with at least 25 employees to enroll workers in the program at a 3 percent deferral rate.
Employers would not have been required to make contributions, and workers would have had the right to opt out of the plan.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
