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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.
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.
Retired members are entitled to an annual cost of living (COLA) increase, granted by the board, effective April 1 of each year. This benefit is based on the San Francisco-Oakland-San Jose area Consumer Price Index and may range up to between 2% and 4%. CCCERA is not responsible for providing health benefits to its members.
Rising Medicare Part D premiums come as retirees receive a much smaller Social Security cost-of-living adjustment in 2024 — 3.2% compared to the 8.7% increase in benefits they received in 2023.
Some studies suggest retirees should have $300,000 or more set aside for health care costs during retirement, a sum that can seem out of reach for many Americans. Here’s how to plan for health ...
The New York City Transit Authority (also known as NYCTA, the TA, or simply Transit, and branded as MTA New York City Transit) is a public-benefit corporation in the U.S. state of New York that operates public transportation in New York City.
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