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2024 NJ S1491 (Text) Reinstates automatic COLA for retirement benefits of members of the State-administered retirement systems.
Reinstates automatic COLA for retirement benefits of members of the State-administered retirement systems.
5 lut 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.
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.
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.
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.
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.
