Sauickie Backs Bill A1168 to Restore 3% COLAs for New Jersey Police, Fire Retirees
Updated
Updated · New Jersey 101.5 FM · Jul 1
Sauickie Backs Bill A1168 to Restore 3% COLAs for New Jersey Police, Fire Retirees
1 articles · Updated · New Jersey 101.5 FM · Jul 1
Summary
Bill A1168 would reinstate cost-of-living adjustments for New Jersey Police and Firemen's Retirement System retirees after at least 10 years on pension rolls.
The proposal ties increases to the Consumer Price Index, caps annual raises at 3%, applies them to the first $75,000 of pension income, and limits benefits above that level to 1%.
Nearly 60 Assembly members have co-sponsored the bill—well above the 41 votes needed to pass the chamber—but it remains stuck in committee.
The push follows New Jersey's 2011 suspension of pension COLAs under Chris Christie, a freeze that has now lasted 15 years and drawn backing for restoration from police, firefighter and retiree groups.