Creates "New Jersey Workplace Skills Savings Program"; appropriates $25 million.

Summary

The bill creates the New Jersey Workplace Skills Savings Program, a state‑run account that lets eligible workers contribute up to $1,000 each year toward job‑training costs. The state matches each dollar contributed, up to $1,000, and $25 million is appropriated to fund the matching contributions and program administration. The Department of Labor and Workforce Development will run the program while the Treasury manages the trust that holds the accounts.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

Topics

Share