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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.
New Jersey spends $4.4 billion annually on public employees and retiree health care costs, with the cost of health benefits making up 9% of the State’s budget today.
Under the new law, taxpayers earning between $100,000 and $150,000 will receive a partial exclusion, beginning with the 2021 tax year. The law will benefit nearly 70,000 people, according to...
116.2 mi (187.0 km) (light rail) (2018 figures [1]) New Jersey Transit Corporation, branded as NJ Transit or NJTransit and often shortened to NJT, is a state-owned public transportation system that serves the U.S. state of New Jersey and portions of the states of New York and Pennsylvania. It operates bus, light rail, and commuter rail services ...
Number of vehicles. 2,429 commuter rail cars. 6,418 subway cars. 61 SIR cars. 5,725 buses [1] The Metropolitan Transportation Authority ( MTA) is a public benefit corporation responsible for public transportation in the New York City metropolitan area of the U.S. state of New York.
The Public Employees Fair Employment Act (the Taylor Law) is a New York State statute, named after labor researcher George W. Taylor. It authorizes a governor-appointed State Public Employment Relations Board to resolve contract disputes for public employees while curtailing their right to strike. The law provides for mediation and binding ...
The United States is hitting "peak 65" this year, with 4.1 million baby boomers reaching this retirement age.Unfortunately, much of this silver tsunami does not have adequate retirement savings ...
Here’s the breakdown for New Jersey. Estimated yearly retirement costs: $47,760. Average yearly earnings for 65+ households: $28,773 (14th highest) Average yearly homeownership costs for seniors ...
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SADDLE BROOK, NJ — Legislation requiring New Jersey companies to make it easier for residents to save for retirement was signed into law Thursday. The law establishes the New Jersey...