Legislation that would create Massachusetts Secure Choice, a state-run retirement program that would provide coverage for private-sector employees whose employers do not offer a retirement plan, is now before the Rules Committees of both chambers of the Bay State’s legislature. The legislation was introduced in the state Senate and House of Representatives early in 2021.
New Jersey creates Secure Choice Savings Program, designed to provide a path for more private sector employees save for retirement. the Act requires certain employers in the state to establish a payroll deposit retirement savings arrangement.
In an effort to close the gap in retirement savings across the state, Governor Phil Murphy signed the New Jersey Secure Choice Savings Program Act (Act) in March of 2019. The Act.