NJ S1753

Contracting agents using digital marketplace networks must contribute at least 15% of each worker's monthly earnings to individual portable benefits accounts for workers providing 40+ hours of services per month to New Jersey consumers.

Contributions must be made monthly, no later than 15 days after month-end, to nonprofit qualified benefit providers selected by workers, who may change providers once annually.

Workers must receive workers' compensation or occupational accident insurance, plus the option to allocate remaining funds toward health insurance, paid time off, retirement benefits, or other benefits—or receive half the contribution as direct compensation if declining additional benefits.

Qualified benefit providers must be 501(c)(3) nonprofits with at least half their board composed of covered workers or their representatives, and must meet financial viability standards set by the Department of Labor and Workforce Development.

Workers may bring private lawsuits against contracting agents for noncompliance with contribution requirements, and the bill's provisions cannot be used to determine employment classification status under state unemployment law.