Title: State Employee Wage Increases
Signed by Governor Jon Corzine
Title: State Employee Wage Increases
Vote to pass a bill that enables recent wage increases for state employees to be used in pension calculations.
-Mandates that from July 1, 2009 to June 30, 2011, collectively negotiated wage increases be included in pension calculations regardless of the fact that the wage increases were later deferred (Sec. 1). -Applies only to state employees participating in the Public Employee's Retirement System of New Jersey (PERS) or the Teachers' Pension and Annuity Fund (TPAF) (Sec. 1, 2).
Title: State Employee Wage Increases
Vote to pass a bill that enables recent wage increases for state employees to be used in pension calculations.
-Mandates that from July 1, 2009 to June 30, 2011, collectively negotiated wage increases be included in pension calculations regardless of the fact that the wage increases were later deferred (Sec. 1). -Applies only to state employees participating in the Public Employee's Retirement System of New Jersey (PERS) or the Teachers' Pension and Annuity Fund (TPAF) (Sec. 1, 2).
Title: State Employee Wage Increases