Bill
A 2996
Requires cost of living increase to be granted in each of two State fiscal years when retirement allowance or benefit is below certain amount for retiree or beneficiary in PERS, TPAF, PFRS, SPRS, and JRS; makes appropriation.
2024-2025 Regular Session
Introduced by Tennille McCoy and 1 co-sponsor
Provides a targeted 2023 and 2024 COLA, equal to 100% of CPI changes, for low-income retirees (≤150% FPL) in five NJ pension systems, funded from the General Fund.
Introduced in the Assembly, Referred to Assembly State and Local Government Committee