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 by NJSpotlight.com, a proposal to move some state and local employees to a new 401(k)-like pension system is gaining support because it has the potential to save billions of dollars. However, long before anything is adopted, it is likely to draw strenuous pushback from the public workers’ labor unions. The recommendation is
The City of Paterson is looking at the possibility of ending its longstanding practice of using self-insurance for employee medical coverage and switching to New Jersey’s State Health Benefits program, as reported in Northjersey.com. By doing so, Paterson believes that it would save approximately 20 million dollars given that its cost for employee medical coverage
In New Jersey under an existing employment regulation, state employees can donate unused time off to a co-worker who has exhausted his/her own allotted leave bank due to a catastrophic illness or injury that has kept them from returning to work. As reported on the website, NJSpotlight.com, State lawmakers want to see this longstanding policy
As reported in multiple news sources, the current New Jersey State budget signed into law by Governor Philip Murphy increased state spending by more than one billion dollars and a large portion of that increase is going to the state’s grossly underfunded public-employee pension system.
The new budget adds $700 million to what the state
As reported in NorthJersey.com, New Jersey Senate President Stephen Sweeney has plans to wring savings out of government which could fall hard on public employee unions. Supposedly Sweeny wants to enlist Governor Philip Murphy as his “partner”, but Murphy wants no part of it.
Sweeney’s post-budget focus on cost cutting poses a dilemma for Murphy.
As reported by Observer.com, lawmakers have resurrected a proposal to cap unused sick time payouts for all New Jersey public workers. Last week, the Assembly State and Local Government Committee advanced a bill that would cap sick leave payouts to public workers at $7,500 or whatever the employee has banked so far if they
As reported by NJSpotlight.com, inspired by the nationwide campaign against sexual harassment known as the #MeToo movement, lawmakers in New Jersey are proposing a costly new punishment for elected officials and public workers who use their positions to commit a sexual assault or related offense. A bill that was easily approved by a State
Recently, the Appellate Division issued an opinion in the case New Jersey State Police v. Trooper Brandon Bruns that addressed an officer’s failure to report the misconduct of another off-duty officer. In that case, following an internal investigation, the New Jersey State Police served a charge upon the appellant for his failure to report the
As reported in the New Jersey Law Journal, the Appellate Division has confirmed a ruling made by a Superior Court Judge that orders the Middlesex County Prosecutor’s Office to pay two news outlets more than $100,000 in counsel fees after they successfully sued the office for access to 911 call recordings involving the fatal shooting