A2056

Revises New Jersey Secure Choice Savings Program to lower employer participation threshold and modify administrative processes.

The bill revises the New Jersey Secure Choice Savings Program by reducing the threshold for employer participation from businesses with 25 or more employees to those with one or more employees. It shifts the responsibility of providing employee information packets from employers to the program itself. The bill also eases enforcement language around employers that violate the terms of the program. Additionally, it removes references to "small employer" to reflect the reduced participation threshold.