Creating a New Retirement Plan for Employees of Small Businesses

“A safe and secure retirement should be within reach of every resident in our state, not just the fortunate few.”

More than half of the private-sector employees in NJ work for employers who do not offer retirement plans. Because setting aside money for retirement on your own is difficult, these employees understandably save too little during their careers. Phil will offer, just as a growing number of states do, a simple, opt-in retirement plan for small business employees. Doing so will help ensure that all workers in our state can adequately save for their retirement.