RetireReady NJ Reaches Twenty-Five Million Dollars in Retirement Savings for Thirty Thousand New Jerseyeans

RetireReady NJ Reaches Twenty-Five Million Dollars in Retirement Savings for Thirty Thousand New Jerseyeans

(TRENTON) - RetireReady NJ, New Jersey's State-administered retirement savings program, announced today that it has helped 30,000 citizens save $25 million in retirement savings since the launch of the program two years ago.

Since the program's launch in June 2024, New Jersey businesses with 25 or more employees that have been in business for two or more years and do not currently offer a qualified retirement plan have been required to register with the RetireReady NJ program. Employees have the opportunity to begin saving for retirement through convenient payroll deductions into a Roth or Traditional Individual Retirement Account (IRA).

"This milestone represents a crucial step forward towards financial security in retirement for many New Jerseyans," said State Treasurer Aaron Binder. "I'd like to thank the staff of RetireReady NJ for their diligent efforts to ensure saving for retirement is convenient and accessible for private sector employees across the Garden State, along with the many public and private sector partners who have helped spread the word about this new and important program."

The RetireReady NJ program was established under a 2019 law sponsored by Assembly members Roy Frieman, Raj Mukherji, and Carol A. Murphy, and Senators Joseph A. Lagana, Troy Singleton, and Shirley K. Turner.

In January of 2026, the RetireReady NJ program was expanded to require employers with 10 or more employees to begin facilitating payroll deductions for their employees. This expansion is expected to be introduced to the employer and employee communities in early September.

"RetireReady NJ is achieving its mission of creating accessibility for underserved communities to prepare for a dignified retirement here in New Jersey," said Todd Hassler, executive director of RetireReady NJ.  "On this two-year anniversary of RetireReady NJ, more than 30,000 citizens have saved through the program and have made significant steps towards realizing their retirement goals."

For more information about RetireReady NJ, visit RetireReady.nj.gov.