The Asbury Park Press published an article in today’s Sunday edition addressing the ability of The State of New Jersey to honor its pension obligations to those public employees that have been paying into the retirement system since the start of their public employment . The article, entitled "Can New Jersey Keep its Pension Promises?"
New Jersey State Health Benefit Program
Ocean City Agrees To Lower Starting Salaries for New Police Officers
By Frank M. Crivelli on
Posted in Contract Negotiations
On October 30, 2008, The Press of Atlantic City reported that new Ocean City, New Jersey Police Officers will make approximately $5,000 less under the contract that was recently approved by the PBA and city council. The contract with the Policemen’s Benevolent Association Local 61 also reflected a move to the state health-insurance system from the …
Amendment to Retiree Health Care Benefit Package Upheld
By Frank M. Crivelli on
Posted in Retiree Benefits
In Communication Workers of America v. State of New Jersey, the appellants challenged an amendment made by the State Health Benefits Commission to the retiree prescription drug card pilot plan. In support, appellants argued that the rule is invalid and unenforceable because it reduces post-retirement health care benefits.
The Appellate Division affirmed the …
The Public Employee Pension and Benefits Reform Act of 2008 and Its Affect on New Jersey Public Employees
By Frank M. Crivelli on
Posted in Retiree Benefits
Most recently New Jersey GovernorJon S. Corzine signed the Public Employee Pension and Benefits Reform Act of 2008. While this bill does not affect the members of the Police and Firemen’s retirement System (PFRS), it does affect members of the Public Employees Retirement System (PERS) and the Teachers Pension and Annuity Fund (TPAF). Certain …