Posts tagged payroll
New Jersey Enacts Auto IRA Program for Employers of 25 or More Employees

On March 28, 2018, New Jersey joined California, Connecticut, Illinois, Maryland, and Oregon by enacting an auto-enrollment IRA program. The program, known as the New Jersey Secure Choice Savings Program (the “Program”), will require all New Jersey employers with 25 or more employees to participate in a state run IRA program, unless they have their own retirement plan.

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New Jersey Enacts $15 Per Hour Minimum Wage

On February 4, 2019, Governor Murphy signed into law a minimum wage increase that will increase New Jersey's minimum wage for most workers from $8.85 to $15 per hour by 2024. The $15 per hour minimum wage will be phased in according to the following schedule: 

Effective Date                                  New Minimum Wage

 July 1, 2019:                                                 $10 per hour

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