NJ
New Jersey Senate Bill S4230

New Jersey 2022-2023 Regular Session

New Jersey Senate Bill S4230

Introduced
12/11/23  

Caption

Requires Treasury to establish and maintain electronic verification system to verify State employees' eligibility to participate in federal Public Service Loan Forgiveness Program.

Impact

The implementation of S4230 is expected to streamline processes associated with student loan forgiveness for State employees. By formalizing the roles of State agencies to identify and assist employees regarding their eligibility, the bill enhances support for those in public service positions seeking financial relief through federal programs. Furthermore, by establishing electronic verification, the state aims to ensure efficiency and accuracy in confirming qualifications, potentially improving overall employee satisfaction and retention.

Summary

S4230, introduced in the New Jersey Senate, mandates the Department of the Treasury to create and maintain an electronic verification system for State employees wishing to participate in the federal Public Service Loan Forgiveness Program. This system aims to confirm whether individuals meet the eligibility criteria essential for both participating in and successfully completing the program. The bill emphasizes that State agencies are responsible for providing necessary information and documentation to assist employees in their student loan forgiveness applications.

Contention

While S4230 serves a significant purpose in supporting State employees, potential contention may arise regarding the allocation of resources and the administrative burden placed on State agencies to comply with the new requirements. Critics could argue that the legislation may lead to inefficiencies within agencies if adequate funding or systems are not in place. Additionally, ensuring every eligible employee is properly identified and notified could be logistically challenging, leading to concerns about implementation scalability and operational impact.

Companion Bills

NJ A4861

Same As Requires Treasury to establish and maintain electronic verification system to verify State employees' eligibility to participate in federal Public Service Loan Forgiveness Program.

Previously Filed As

NJ A4861

Requires Treasury to establish and maintain electronic verification system to verify State employees' eligibility to participate in federal Public Service Loan Forgiveness Program.

NJ A4327

Requires State agencies to enroll State employees into federal Public Service Loan Forgiveness Program.

NJ A2171

Requires State agencies to enroll State employees into federal Public Service Loan Forgiveness Program.

NJ S2568

Requires public service employer to certify employment of qualifying employees under federal Public Service Loan Forgiveness Program; requires Secretary of Higher Education to develop materials to promote Public Service Loan Forgiveness Program.

NJ S3085

Requires public service employer to certify employment of qualifying employees under federal Public Service Loan Forgiveness Program; requires Secretary of Higher Education to develop materials to promote Public Service Loan Forgiveness Program.

NJ A4259

Requires public service employer to certify employment of qualifying employees under federal Public Service Loan Forgiveness Program; requires Secretary of Higher Education to develop materials to promote Public Service Loan Forgiveness Program.

NJ A2169

Requires public service employer to certify employment of qualifying employees under federal Public Service Loan Forgiveness Program; requires Secretary of Higher Education to develop materials to promote Public Service Loan Forgiveness Program.

NJ HB4486

Relating to the participation of governmental entities and other employers in a federal work eligibility verification program; establishing an unlawful employment practice.

NJ HB601

Relating to requiring employers to participate in the federal electronic verification of work authorization program or E-verify.

NJ HB1888

Relating to requiring employers to participate in the federal electronic verification of work authorization program, or E-Verify.

Similar Bills

NJ A4861

Requires Treasury to establish and maintain electronic verification system to verify State employees' eligibility to participate in federal Public Service Loan Forgiveness Program.

WV HB2936

To permit the Board of Treasury Investments to compensate appointed members for each meeting attended and to eliminate certain outdated and contradictory investment restrictions.

CA AB1922

California Conservation Corps: Green Collar Certification Program.

CA SB803

California Conservation Corps: Green Collar Certification Program.

NJ A3261

Concerns outreach and training for minorities and women in the construction industry.

LA HB582

Provides for the collection of fees for the Public Service Commission for its participation in the State Rail Safety Participation Program (OR +$947,575 SD EX See Note)

NJ A2023

Provides equitable relief to government contractors who have sustained unanticipated expenses due to increases for construction materials; appropriates $25 million.

NJ S3775

Provides equitable relief to government contractors who have sustained unanticipated expenses due to increases for construction materials; appropriates $25 million.