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25 wrz 2024 · Sweeney’s plan to reinstate COLAs, according to a release, is to use public assets like land, water utilities, and the Turnpike as “in-kind contributions” that would improve the state’s pension funding ratio.
10 lip 2024 · Restoring COLAs for all retired government workers would cost the state another $2 billion annually, according to recent Department of the Treasury estimates. The practice of shorting state pension payments wasn’t halted until the 2022 fiscal year, leaving the pension system with a significant unfunded liability.
12 kwi 2022 · But as inflation has surged amid the COVID-19 pandemic — the 12-month rate reached nearly 8% as of the end of February, according to the latest data collected by the federal government — lawmakers have begun taking a new look at how frozen COLAs are affecting state pensioners.
2024 NJ S1491 (Text) Reinstates automatic COLA for retirement benefits of members of the State-administered retirement systems.
1 sty 2024 · This bill would provide for a cost of living increase for certain retired public employees and their beneficiaries who are receiving monthly payments from the Teachers' Pension and Annuity Fund, Judicial Retirement System, Public Employees' Retirement System, Police and Firemen's Retirement System, and State Police Retirement System.
5 lut 2024 · SYNOPSIS. Requires cost of living increase to be granted in each of two State fiscal years when retirement allowance or benefit is below certain amount for retiree or beneficiary in PERS, TPAF, PFRS, SPRS, and JRS; makes appropriation. CURRENT VERSION OF TEXT. As introduced.
Review Your Benefits and Make Changes by October 31, 2024. Schedule Your Personal Video Counseling Appointment. For PERS, TPAF, and PFRS Members For available dates, times and locations or to register see the seminar and webinar schedule. Member Topics, Employer Training, NJWELL, Health Benefit Information.
