Overview
Many private-sector workers in New Jersey do not have access to a retirement savings plan through their employers. RetireReady NJ is a new state-administered retirement savings program that aims to make saving for retirement easy and attainable. With RetireReady NJ, businesses can help their employees save for retirement in an Individual Retirement Account (IRA) through convenient payroll deductions. Employers in New Jersey that do not offer a qualified retirement plan, have 25+ employees, and have been in business for at least 2 years are required by state law to sign up with RetireReady NJ. Smaller employers may participate in RetireReady NJ voluntarily.