Allows State, municipality, and county to implement automatic enrollment of their employees in deferred compensation plans.

This bill allows New Jersey state, municipal, and county employers to automatically enroll employees in retirement savings plans (deferred compensation plans) unless they opt out. It establishes a default contribution rate, permits periodic increases in contributions, and requires employers to provide employees with clear notice and the option to adjust or stop contributions. Employers must also negotiate automatic enrollment terms with union representatives for covered employees, and designate a default investment option if employees don’t choose one. The bill was withdrawn after being enacted as part of P.L.2025, c.358, making these provisions effective law.