ASSEMBLY INSURANCE COMMITTEE

STATEMENT TO

ASSEMBLY, No. 2335

STATE OF NEW JERSEY

DATED: OCTOBER 7, 1996

      The Assembly Insurance Committee reports favorably Assembly Bill No. 2335.

      This bill allows employees to authorize employers to withhold payments from their wages for employer-sponsored group or individual insurance or annuity programs. Currently this type of withholding is not among those statutorily authorized. This bill amends the statute listing permissible types of wage withholding to include payments for employer-sponsored insurance or annuities.