Requires public employers that offer deferred compensation retirement plans to also offer Roth contribution option.

This bill requires public employers in New Jersey - including municipalities, counties, school boards, and state agencies - to add a Roth contribution option to existing deferred compensation retirement plans. It mandates that employees can make after-tax contributions (which grow tax-free and can be withdrawn tax-free in retirement) through salary deductions, similar to federal rules. Currently, public employers aren’t required to offer this option, though they may choose to do so. The change applies to all public retirement plans established under state law, with implementation required 60 days after enactment.