As reported by NJ.com, nearly 8,000 New Jersey Police Officers and Firefighters with twenty (20) years of service can now retire early under a bill signed into law on Monday. The legislation, S107, known as the “burnout bill,” allows public safety workers who reach twenty (20) years of service within the next two years
According to an article published in NJ Spotlight, New Jersey’s public-employee pension fund investments generated returns totaling 9.06% for fiscal year 2018. Some of the investments that were credited for lifting the fund’s overall performance included U.S. equities and real-estate holdings.
The NJ pension system covers the retirements of approximately 800,000 current and retired public
As reported in Northjersey.com, the Murphy Administration has reached a health care deal with the state’s public workers’ unions that is expected to yield approximately $500 million in savings over the next two years. The pact directs union members and retirees to utilize “in-network doctors” and “generic prescription drugs”, according to a report by the
On Friday, February 9th, 2018, New Jersey State Senator Declan O’Scanlon introduced legislation that would reinstate New Jersey’s interest arbitration salary cap that limits two-percent (2%) annual salary increases that can be awarded when disputed police and fire contracts enter the process of binding arbitration.
O’ Scanlon stated on his website that “One of the
As reported in the New Jersey Observer, during his last full day in office, Governor Chris Christie signed a bill on Monday to pad pensions for certain politicians. The fast-tracked bill, which sped through the legislature in less than a month, allows certain elected officials to re-enroll in the public worker pension system, even if
Over the past several days, the minority leaders of the New Jersey State Legislature have become increasingly vocal in their demands to renew what is commonly called the Interest Arbitration Salary Cap. The Interest Arbitration Salary Cap limits Interest Arbitrator’s economic awards that govern pay raises for first responders in the State of New Jersey.
As reported by NJ 101.5, Governor Chris Christie has signed the bill granting back pay to state workers to cover the wages lost during the three-day partial government shutdown at the start of July.
An estimated 30,000 to 35,000 workers were furloughed. Most of them were off the job for one day, as the
As reported in the NJ Observer, public employees frozen out of their jobs during the three-day government shutdown would receive back pay under a bill that passed the state Senate in a 31-0 vote Thursday.
Gov. Chris Christie has said he would sign the back-pay legislation, should it pass the Assembly. The bill was introduced
On Thursday, July 13, 2017, The New Jersey State Senate will vote on a supplemental appropriations bill to pay workers who were unable to work during the State governmental shutdown that was imposed over the last July 4th weekend. This bill would amend the 2018 budget appropriations bill to ensure that those workers that were
As reported by Trentonian.com, following the publicity of numerous corrections officers beaten at work, Gov. Chris Christie has agreed to provide sick leave pay to prison workers assaulted by inmates.
Christie signed a bill into law on Monday that will make corrections, juvenile, parole and probation officers whole — albeit on a limited basis