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NJ S2037
Bill
Status
Introduced
1/13/2026
Primary Sponsor
Vincent Polistina
Click for details
AI Summary
- Requires all New Jersey public employers offering deferred compensation retirement plans to also provide a Roth contribution option to employees
- Applies to municipalities, counties, county/municipal authorities, the New Jersey State Employees Deferred Compensation Plan, and boards of education
- Defines Roth contribution option as permitting after-tax salary contributions to retirement accounts, with tax-free withdrawals of contributions and earnings in retirement
- Takes effect 60 days following enactment
- Supplements existing statutes governing local government deferred compensation plans (P.L.1977, c.381), state employee plans (P.L.1978, c.39), and board of education plans (N.J.S.18A:66-127-129)
Legislative Description
Requires public employers that offer deferred compensation retirement plans to also offer Roth contribution option.
State Government, Wagering, Tourism & Historic Preservation
Last Action
Introduced in the Senate, Referred to Senate State Government, Wagering, Tourism & Historic Preservation Committee
1/13/2026
Committee Referrals
State Government, Wagering, Tourism & Historic Preservation1/13/2026
Full Bill Text
No bill text available