Posted on: May 15, 2023
Governor Murphy conditionally vetoed legislation (S-3090/A-4498) that would permit police and fire employees to retire after 20 years of service, regardless of age, with a retirement benefit of 50% of final compensation. The League joined the New Jersey A...
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Pension & Health Benefits
Posted on: May 12, 2023
On May 8, Governor Murphy signed into law S-2423/A-3746, which permits local government deferred compensation plans to invest in collective investment trusts. The League supported this legislation that adds collective investments to the types of investmen...
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Pension & Health Benefits
Posted on: March 31, 2023
On Thursday, the full Assembly unanimously approved A-4498/S-3090, which provides police and fire a retirement allowance after 20 years of service, regardless of age. The bill is now before the Governor for his consideration.
The League joins the...
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Pension & Health Benefits
Posted on: March 24, 2023
At the March 22 Plan Design Committee (PDC), AON, the actuary for the State Health Benefits Commission (SHBC), provided answers to questions PDC members had for the mid-year performance overview of the plan. There was no new information provided from the ...
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Pension & Health Benefits
Posted on: March 24, 2023
Legislation (A-4998/S-3090) which provides police and fire personnel a retirement allowance after 20 years of service, regardless of age unanimously passed the Senate earlier this week and is before the full Assembly on March 30. The League joins the New ...
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Pension & Health Benefits
Posted on: March 17, 2023
On Monday Assembly State and Local Government Committee will be considering A-4498, which provides police and fire personnel a retirement allowance after 20 years of service, regardless of age. The League joins the New Jersey Association of Counties in ou...
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Pension & Health Benefits
Posted on: March 16, 2023
At the March 8, State Health Benefits Commission (SHBC) meeting, AON, the actuary for the SHBC provided the commission members a mid-year performance overview of the plan. For more information, please read the League’s recent blog post.
Contact: ...
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Pension & Health Benefits
Posted on: February 24, 2023
The Division of Local Government Services issued Local Finance Notice 2023-04 announcing one-time exemptions to the appropriation cap for certain items for the Calendar Year 2023/State Fiscal Year 2024 budget and guidance on usage and reporting Opioid Set...
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Pension & Health Benefits
Posted on: February 8, 2023
During Wednesday’s Local Finance Board Meeting, they unanimously approved exceptions to the appropriation cap. Under N.J.S.A. 40A:4-45.3d, the Local Finance Board has the authority to grant additional exceptions under extraordinary circumstances...
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Pension & Health Benefits
Posted on: February 3, 2023
There continues to be no progress in efforts to mitigate the impact of the unprecedented health care contribution increase for State Health Benefits Program (SHBP) participants and employers. As reported last week, employers are beginning to leave the sys...
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Pension & Health Benefits
Posted on: January 31, 2023
Unfortunately, as we reported last week, the talks regarding relief for raising healthcare premium costs remain unresolved. This comes among news that Newark, Camden, and Trenton have all left the State Health Benefits system, or are in the process of doi...
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Pension & Health Benefits
Posted on: January 9, 2023
The New Year has come and the 379 municipalities participating in the State Health Benefits system, along with their employees, and ultimately their taxpayers, will still have to fund a 22% increase in health benefits costs, unless an immediate solution i...
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Pension & Health Benefits
Posted on: January 9, 2023
New Jersey extended its health benefits contract with Horizon Blue Cross Blue Shield for another year, media outlets report. This occurred after state officials alleged the health insurer failed to meet the terms of the deal. ...
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Pension & Health Benefits
Posted on: December 20, 2022
In less than two weeks, the 379 municipalities participating in the State Health Benefits system, along with their employees, and ultimately their taxpayers, will have to fund a 22% increase in health benefits costs. It is imperative that the Governor and...
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Pension & Health Benefits
Posted on: December 19, 2022
The League of Municipalities, the New Jersey Conference of Mayors, the New Jersey Urban Mayors Association, and New Jersey Association of Counties have been working with other interested stakeholders, including the major public sector union representative...
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Pension & Health Benefits
Posted on: December 5, 2022
State Health Benefits Update
The League continues to work pro-actively and collaboratively with our partners at the NJ Conference of Mayors and NJ Association of Counties to identify a workable plan and means toward a resolution by the Governor and the le...
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Pension & Health Benefits
Posted on: November 11, 2022
Earlier this week, the State Health Benefits Commission (SHBC) met to consider regular business and appeal requests. During the meeting, SHBC Committee member Dudley Burge asked for an update on and solutions to the 22% cost increase in local government h...
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Pension & Health Benefits
Posted on: September 27, 2022
On September 22 Governor Murphy signed into law S-1027/A2208, which makes duct cleaning as public work subject to the prevailing wage law. P.L. 2022, c. 113 took effect immediately. Contact: Lori Buckelew, Deputy Executive Dire...
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Pension & Health Benefits
Posted on: September 27, 2022
Senators Ruiz and Sarlo have introduced legislation that would expand the State Health Benefits Commission from five members to nine members and add local representation to Commission. S-3033 would add two local government management members, a m...
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Pension & Health Benefits
Posted on: September 14, 2022
Today, during the Annual Rate Renewal meeting of the State Health Benefits Commission (SHBC), the trustees voted to approve a nearly 23% local government health insurance rate increase and a 21% increase in state employee health insurance rates. The three...
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Pension & Health Benefits