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“On Feb. 24, the New Jersey State Department of Treasury’s Division of Pensions and Benefits released a Notice to Certifying Officers regarding the implementation of P.L.2021, c.408 (Chapter 408).
A New Jersey pensions supervisor was caught on camera stealing money from a co-worker's pocketbook, according to authorities. Tom Davis , Patch Staff Posted Thu, Aug 10, 2017 at 8:17 am ET ...
NEW JERSEY — It's good to be retired, and state legislators want to convince you it's good to be retired in New Jersey. Gov. Phil Murphy signed a bill into law Tuesday that expands tax ...
The Department of the Treasury seeks to ensure the most beneficial use of fiscal resources and revenues to meet critical needs, all within a policy framework set by the governor; to formulate and manage the state's budget, generate and collect revenues, disburse the appropriations used to operate New Jersey state government, manage the state's ...
Pension benefits are primarily designed to favor workers who work a full career (typically at least 25 years of service), which account for approximately 24% of state-level public workers. In a study of 335 statewide retirement plans, Equable Institute found that 74.1% of pension plans in the US served this group of workers well.
The New Jersey Civil Service Commission is an independent body within the New Jersey state government under the auspices of the department. Initially constituted in the late-1940s, pursuant to P.L. 1948, c.446, as the Department of Labor and Industry, the department is one of 16 executive branch departments in New Jersey state government.
About 500,000 active and retired public employees will pay more for their health and pension benefits, saving New Jersey taxpayers an estimated $120 billion over 30 years in pension costs.
Politics & Government Public Employee Pensions, Benefits Load New Jersey Debt In the state Treasury Department Fiscal Year 2021 Debt Report released July 1, state debt obligations grew from $204 ...