This bill reaffirms the continuation of the Rutgers Institute of Management and Labor Relations, emphasizing its importance on the occasion of its 75th anniversary. It recognizes the need for expanded educational resources to support working people amid significant shifts in the labor market, including increased strike activity and changing workplace dynamics. The bill aims to promote harmony and cooperation between management and labor, enhancing understanding of industrial relations and work-related issues. It outlines the establishment of educational programs, which may include classes, lectures, and webinars, with a focus on making tuition affordable or free for New Jersey residents.

Additionally, the bill appropriates $750,000 annually from the General Fund to support the Institute's activities, ensuring that these funds will augment rather than replace existing state allocations. The Institute will continue to conduct applied research on labor-management relations and will be guided by an advisory council composed of equal representatives from labor, management, and the public. This council will provide advice on the implementation of the Institute's educational and research initiatives, with members serving without compensation but eligible for expense reimbursement.