When Will New Jersey Get Retirement Savings? | New Jersey Retirement Savings Association
The New Jersey retirement savings association says that it is working on a new plan for the state to offer more retirement savings to its workers, but there is no timeline for when it might happen.
A spokeswoman for the New Jersey Pension Trust, which manages the state’s pension plan, told The Jersey Journal that she was not able to provide details about the plan and said she was unaware of the specifics.
“There are a number of factors we are working on with the state.
We have not been able to share those details with the public,” spokeswoman Lauren Clements said.
But there are signs that the plan is moving forward.
The New York Times reported in September that New Jersey was considering a plan that would require employees to take out a new 401(k) plan and set aside more of their retirement savings as a “risk transfer” from their existing pension plan to the new retirement savings plan.
In January, New Jersey became the third state to launch a new pension plan.
The plan was created by the New York State Retirement System (NYSERS), a partnership of the state, the city and counties.
The NYSERS plan is called the NJSPR plan, which stands for New Jersey State Pension Plan for Retirees and Preserves, and the state has set aside a portion of its plan for its employees.
On Monday, a spokesperson for the pension trust said that the state was in discussions with the NYSers about creating a “new retirement savings program for NJSPRs employees.”
“We are currently working with the New Yorkers pension trust and will have more details soon,” the spokesperson told The Journal.
NYSers is currently the state pension plan administrator for all of New Jersey, which is about 50 percent funded by the federal government.
The pension plan covers employees who are over the age of 65 and have retired in the last five years.
The trust is also the agency responsible for paying out the state government’s pension plans, including the state-sponsored retirement system.
NJSPRs are typically employees who work part-time for the government and have received pensions for decades, but have never had a pension plan until now.
According to the New Jerseyan Pension Trust website, the NJPSR plan is designed to protect and preserve the state and the New Deal and to provide a safe, secure and affordable retirement for New Yorkers.
This new plan is intended to provide greater flexibility for New York workers and help them save for retirement, while at the same time supporting them through the transition to a new and better system,” the NYPSR website says.
Last year, New York City launched a plan to help retiree workers save for their retirement, which it called the City Retirement System, which would give retired workers up to $5,000 to contribute toward their retirement.
It was not clear whether New Jersey plans to launch its own retirement savings system, which has been in the works for a decade.
State legislators have previously called for more state pension plans for retired workers.
In 2015, New Hampshire became the first state in the country to pass legislation that would give retirees up to 20 percent of their salary to be used for retirement savings.
And in December, New Mexico passed a law that would create a state pension savings program to pay retired workers who had received pensions.
As for the retirement savings scheme, New Englanders were already familiar with the concept of a 401(b) plan.
In 2017, Massachusetts was the first in the United States to pass a law requiring the retirement plan of retired workers to include a pension contribution.
The law, which was passed in April of this year, allowed workers to contribute up to 30 percent of the plan’s value of contributions.
Secretary of State Denise Naughton. More:”
We’re not going to make any changes to the retirement plans of our retired employees, nor will we change their retirement plans,” said Martha Brown, a spokeswoman for Mass.
Secretary of State Denise Naughton. More: