Department of the Treasury

Treasury Press Releases

Date	Title	Link Type

Aug 1 2025	State Representatives of the State Health Benefits Program Plan Design Committee Submit Recurring Cost Savings Proposals to State Actuary as Required by State Law (TRENTON) — Pursuant to the Fiscal Year 2026 (FY2026) Appropriations Act, P.L. 2025, c. 74, on July 31, the State representatives of the State Health Benefits Program Plan Design Committee (“SHBP PDC”) submitted legislatively-mandated recurring cost saving plan design proposals for the New Jersey State Health Benefits Program to Aon, the actuary contracted by the State to service the public health benefit plans. Per this fiscal year’s budget, the recurring cost savings that are ultimately chosen must save a total of $100 million in State funds during the first six months of Plan Year 2026. Labor representatives on the SHBP PDC also submitted their recurring cost savings proposals to Aon. Read More
Jul 9 2025	AON Releases Recommended Rate Increases for State Health Benefits Plans for Plan Year 2026 Actuary Recommends Double-Digit Increases for All Plans – 36.5% Increase for SHBP-LG, 29.7% Increase for SEHBP, and a 21.0% Increase for SHBP-State (TRENTON) — AON, the actuary that services the various state health benefits plans, today released to the State Health Benefits Commission (SHBC) and the School Employees' Health Benefits Commission (SEHBC) recommended rate increases for the three state-administered plans, recommending double-digit percentage increases for all three. Read More
Jul 7 2025	RetireReady NJ Marks One Year of Operation With Over $8 Million in Contributions (TRENTON) — RetireReady NJ, the State-administered retirement savings program for private-sector employees, celebrated its one year anniversary this month by surpassing $8 million in assets under management. Read More
Jul 2 2025	ICYMI: Governor Murphy Signs Fiscal Year 2026 Budget into Law Budget Builds on Governor Murphy’s Historic Record of Fiscal Responsibility – With a $6.7 Billion Surplus to Help Weather Future Financial Challenges Compared to Just $409 Million Surplus Inherited in 2018 Budget Provides An All-Time High Level of Property Tax Relief, the Highest Level of School Funding in History, and a Fifth Consecutive Full Pension Payment Budget Makes Historic Investments in Women’s Health Care and Provides Funding to Fully Modernize NJ TRANSIT’s Fleet (TRENTON) — Yesterday, Governor Phil Murphy signed into law the Fiscal Year 2026 Appropriations Act, marking a culmination of the Murphy Administration’s longstanding commitment to fiscal responsibility, affordability, and opportunity. Over nine budgets spanning nearly eight years in office, Governor Murphy has presided over sustained economic growth while making long overdue investments in addressing the needs of working New Jerseyans, from property tax relief, to school funding, to restoring funding for the State’s pension systems. Read More
Jun 16 2025	Department of the Treasury Unveils “New Jersey on Parade” Artwork (TRENTON) — Today, the New Jersey Department of the Treasury unveiled “New Jersey on Parade,” a public artwork depicting New Jersey State history, now permanently installed at the Division of Taxation headquarters, 3 John Fitch Way, Trenton. Read More