As reported by nj.com, hundreds of thousands of retired public employees are not entitled to cost-of-living adjustments, a Superior Court judge has ruled, upholding a segment of the new pension regulations that suspend the increases indefinitely. The ruling by Superior Court Judge Douglas Hurd affects all current and future retirees in pension systems
retirees
NJ Public Workers Continue to Retire At Record Rate
By Donald Barbati on
Posted in Uncategorized
As reported by nj.com, for the second year in a row, public employees across New Jersey are retiring at a record rate, state figures show. Nearly 15,000 public workers are expected to retire from January through the end of July, a slight increase from the same period last year, when a record number of …
Despite Layoffs, Cities Must Reimburse Unused Sick and Vacation Time to Retirees
By Donald Barbati on
Posted in Uncategorized
As reported by nj.com, last year, cities and towns across New Jersey were forced to lay off thousands of employees to cope with budget woes, while momentum for benefit reform in Trenton pushed a record number of public workers into retirement. In theory, the exodus of employees was supposed to make municipalities leaner and …