New Jersey legislators have approved a retirement savings plan that would provide private-sector workers without employer-sponsored plans a means of putting away money for the day when they leave the workplace.
But it's not clear whether Governor Chris Christie will sign it.
The Sweeney-Turner-Sarlo plan, bill S-2831/A-4275, would create the Secure Choice retirement program, and was passed with bipartisan support—although not without opposition from the New Jersey Business and Industry Association, because of the employer mandate, and from the American Council of Life Insurers, which has warned that startup costs for the state would be high.
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