Requires public employers that offer deferred compensation retirement plans to also offer Roth contribution option.

This bill (A 228) requires all New Jersey public employers - such as municipalities, counties, school boards, and state agencies - to add a Roth contribution option to their existing deferred compensation retirement plans. It directly affects public employees who participate in these plans by allowing them to make after-tax contributions (paying taxes upfront) that grow tax-free and can be withdrawn tax-free in retirement. The bill mandates that employers offering these plans must implement this option, which currently is not required under state law. This change would give public employees a new tax-advantaged savings tool alongside traditional pre-tax retirement options.