A 2131 New Jersey General Assembly · 2024-2025 Regular Session

Requires certain employers to provide certain employees with notifications concerning federal Public Service Loan Forgiveness program.

This New Jersey bill (A2131) requires employers designated as qualifying under the federal Public Service Loan Forgiveness (PSLF) program to inform new employees about PSLF during initial benefits orientation. It directly affects employees with federal student loans who work for eligible employers in public service roles (like government or non-profits). The law mandates employers explain PSLF eligibility and key requirements: working at least 30 hours weekly for a qualifying employer, having Direct Loans or consolidated federal loans, using income-driven repayment plans, and making 120 qualifying monthly payments. The bill does not change PSLF rules but ensures employers proactively share this benefit information with new hires.
Bill status in committee 1 of 4 stages cleared
Introduction
Jan 2024
Committee Review
Floor Vote
Governor
Introduced Jan 9, 2024 Last action Jan 9, 2024
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Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Labor Committee
lower
1 primary · 0 co-sponsors

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Role
Legislator
Party
State
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P
Photo of Bill Moen
Bill Moen
DDemocratic
NJ
5