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
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
1
Key actions
0
Committee
0
Jan 9, 2024
Introduced
Introduced in the Assembly, Referred to Assembly Labor Committee
lower
1 primary · 0 co-sponsors
Sponsors
Role
Legislator
Party
State
District
P
Bill Moen
DDemocratic
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