Bill
Bill > A2758
NJ A2758
NJ A2758Reinstates automatic COLA for retirement benefits of members of the State-administered retirement systems.
summary
Introduced
02/28/2022
02/28/2022
In Committee
02/28/2022
02/28/2022
Crossed Over
Passed
Dead
01/08/2024
01/08/2024
Introduced Session
2022-2023 Regular Session
Bill Summary
Reinstates automatic COLA for retirement benefits of members of the State-administered retirement systems.
AI Summary
This bill reinstates the automatic cost-of-living adjustment (COLA) for retirement benefits of members of the State-administered retirement systems. The bill amends various laws to give the boards of trustees or committees of these retirement systems the discretionary authority to modify certain aspects of the retirement systems, such as member contribution rates and retirement benefits, when the systems reach a certain funded ratio. However, the bill removes the ability of the boards or committees to activate or modify the pension adjustment act that previously provided COLAs to retirees.
Committee Categories
Government Affairs
Sponsors (25)
Daniel Benson (D)*,
Verlina Reynolds-Jackson (D)*,
Shanique Speight (D)*,
Benjie Wimberly (D)*,
Reginald Atkins (D),
Ralph Caputo (D),
John Catalano (R),
Annette Chaparro (D),
Robert Clifton (R),
DeAnne DeFuccio (R),
Aura Dunn (R),
Thomas Giblin (D),
DiAnne Gove (R),
Don Guardian (R),
Angelica Jimenez (D),
Sean Kean (R),
Greg McGuckin (R),
Pedro Mejia (D),
Raj Mukherji (D),
Annette Quijano (D),
Brian Rumpf (R),
Beth Sawyer (R),
Lisa Swain (D),
Claire Swift (R),
Chris Tully (D),
Last Action
Introduced, Referred to Assembly State and Local Government Committee (on 02/28/2022)
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location |
|---|---|
| State Bill Page | https://www.njleg.state.nj.us/bill-search/2022/A2758 |
| BillText | https://pub.njleg.gov/Bills/2022/A3000/2758_I1.HTM |
| Bill | https://pub.njleg.gov/Bills/2022/A3000/2758_I1.PDF |
| BillText | https://www.njleg.state.nj.us/Bills/2022/A3000/2758_I1.HTM |
| Bill | https://www.njleg.state.nj.us/Bills/2022/A3000/2758_I1.PDF |
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