Αποτελέσματα Αναζήτησης
10 Ιουλ 2024 · While no retiree is in danger of not receiving a pension check, the latest long-range projections indicate it will take decades of robust annual contributions by the state to undo all the damage.
The mission of this COLA FORUM, is to restore the desperately needed Cost of Living Adjustment for retired PFRS members and their survivors. Since we have lost our COLA, 12 years ago, we have lost over 25% of the value of our pensions due to inflation, which is now at an all time high!
10 Απρ 2022 · Legislators recognized the erosive power of inflation on pensions and sought to mitigate it by having employers pay COLA as part of their pension obligations. Governor Christie gave the employers a holiday for the past 11 years, not the pension systems. Yet he cited Chapter 78’s suspension of COLA as making pension systems more solvent.
22 Οκτ 2024 · State of New Jersey Police and Firemen's Retirement System of New Jersey P.O. Box 297 Trenton, NJ 08625-0297
25 Σεπ 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.
This bill reinstates automatic cost-of-living adjustments (COLAs) for retirement benefits under the "Pension Adjustment Act" for members of the Teachers' Pension and Annuity Fund, the Judicial Retirement System, the Public Employees' Retirement System, the Police and Firemen's Retirement System, and the State Police Retirement System.
12 Απρ 2022 · New Jersey maintains separate pension funds for different groups of workers, ranging from teachers to police officers and firefighters to judges. Under the current law, the COLA suspensions must remain in effect for individual pension funds until they are deemed to be 80% funded by the state’s actuaries.
