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A new funding source for New Jersey Transit, investment in tax relief and an affordable housing initiative are among the notable proposals in Gov. Phil Murphy’s $55.9 billion budget. During his ...
A full 5% employer match would grow the account by 113% to $841,311. Reducing outrageous health plan costs to free up such retirement benefits starts with employers accessing their health claims data.
NJ Transit’s nearly 12,000-person workforce is the biggest area of costs for the agency. A conductor waits for passengers to board an NJ Transit train at the Clifton Station on Thursday April 11 ...
Rating. Fitch: AA (2020) Moody's: Aa3 (2020) S&P: AA (2020) AM Best: A+ (2020) Website. empower .com. Empower is a retirement plan recordkeeping financial holding company based in Greenwood Village, Colorado, United States. [7] It is the second-largest retirement plan provider in the United States.
Tax-free commuter benefits, also known as qualified transportation fringes, are employer provided voluntary benefit programs that allow employees to reduce their monthly commuting expenses for transit, vanpooling, bicycling, and work-related parking costs. The benefit is a federal tax benefit authorized under the Internal Revenue Code Section ...
In many states, public employee pension plans are known as Public Employee Retirement Systems (PERS). Pension benefits may or may not be changed after an employee is hired, depending on the state and plan, as well as hiring date, years of service, and grandfathering. Retirement age in the public sector is usually lower than in the private sector.
The state has missed two deadlines to create a retirement fund for uncovered workers, citing the COVID pandemic. Here's why NJ plan to extend retirement benefits to thousands is stuck in neutral ...
North Jersey Transportation Planning Authority. The North Jersey Transportation Planning Authority ( NJTPA) is the federally authorized metropolitan planning organization (MPO) for the 13-county northern New Jersey region, one of three MPOs in the state. NJTPA's annual budget is more than $2 billion for transportation improvement projects.
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