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On Tuesday, New Jersey announced that it selected Vestwell to run its Secure Choice Savings Program, a plan designed to help private-sector employees save for retirement. The partnership, which is Vestwell’s seventh state-facilitated retirement program, will provide access to more than 800,000 New Jersey resident who currently don’t have a retirement plan.
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"New Jersey Gov. Phil Murphy created the program in 2019 with the New Jersey Secure Choice Act, adding to a growing list to state-facilitated savings programs, or auto-IRAs, that began with OregonSaves in 2017."
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