NJ S1828

Lowers the New Jersey Secure Choice Savings Program employer participation threshold from businesses with 25 or more employees to businesses with at least one employee

Requires all covered employers to automatically enroll employees and establish payroll deposit retirement savings arrangements within nine months of program opening

Eliminates the "small employer" category, which previously allowed businesses with fewer than 25 employees to voluntarily participate rather than face mandatory enrollment

Maintains existing requirements that employers must have been in business at least two years and not offered a qualified retirement plan in the preceding two years

Takes effect on the first day of the third month following enactment