NJBIA - New Jersey Business & Industry Association
New Jersey Business & Industry Association
The New Jersey Business & Industry Association supported two bills on Monday that would promote shared services and potential cost savings for local and county governments. NJBIA Vice President of Government Affairs Christopher Emigholz said bills S-1 and S-446, which were later released by the Senate Community and Urban Affairs Committee, represent efforts to exercise […]
A new health plan to be offered to school employees would save local taxpayers $670 million per year and reduce premium contributions by participating educators by another $403 million, Senate President Stephen Sweeney announced this morning. At a State House press conference, Sweeney and New Jersey Education Association President Marie Blistan called the plan a […]
Nearly two years since it was first introduced, S-3246 – Sarlo (D36); Singleton (D7); Oroho (R24); Bucco (R25) / A-4807 Benson (D14); Bucco (R25); Freiman (D16) is poised to land on Governor Murphy’s desk on Monday night. This bill will allow pass-through entities, which are mostly small businesses like S-corps, LLCs and partnerships, to claim […]
New Jersey’s public employee pension and benefit cost liabilities grew in FY 2018, leaving the state’s retirement system with the worst finances of all 50 states. It’s hardly a new development; New Jersey’s pension and benefits liabilities have been the highest in the nation for the last few years. But fixing the problem is expensive […]
Research by The Pew Charitable Trusts shows New Jersey has the second-largest pension fund deficit in the nation and underscores the urgent need to transition to a more sustainable hybrid system, NJBIA President & CEO Michele Siekerka said Friday. According to Pew’s nationwide research on the fiscal health of public employee retirement plans, New Jersey […]
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New Jersey Business & Industry Association
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