New Jersey State-Run Retirement Plan Bill Vetoed After FSI Issues Call to Action

FSI recently issued a Call to Action regarding proposed legislation in New Jersey that would have enrolled private-sector employees in a state-run retirement plan. Thanks in part to the efforts of our members, the bill was conditionally vetoed last week by Governor Chris Christie, who asked legislators to amend the legislation and instead send him a marketplace-style bill that would take advantage of existing private sector retirement plan solutions. Gov. Christie’s approach would be very similar to the one taken by Washington State, and which FSI strongly supports.

This outcome underscores the impact that our members can have on the legislative process when they make their voices heard by directly engaging with their elected representatives. We thank all of our members in New Jersey who sent letters and made calls to their state representatives and to the governor’s office regarding this issue.

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