A4804

Establishes the New Jersey Workplace Skills Savings Program to fund job training.

The bill creates the New Jersey Workplace Skills Savings Program, enabling employees to set up individual savings accounts for job training. Contributions are capped at $1,000 per year, with the state matching contributions dollar-for-dollar up to the same limit. Funds can be used for apprenticeships, classroom education, and worker training-related expenses. The Department of Labor and Workforce Development will administer the program, while the Department of the Treasury will manage the trust fund. The bill appropriates $25 million for the program.