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Key Votes

S 2094 - Limiting State Alternate Benefit Program for Higher Education Faculty - Key Vote

New Jersey Key Votes

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Stage Details

Legislation - Signed (Executive) -

Title: Limiting State Alternate Benefit Program for Higher Education Faculty

Legislation - Bill Passed (House) (41-36) - (Key vote)

Title: Limiting State Alternate Benefit Program for Higher Education Faculty

Vote Smart's Synopsis:

Vote to pass a bill that requires the State to contribute no more than 8 percent of the salary for department officers toward the Alternate Benefit Program.

Highlights:
-Specifies that based on a certification by the Division of Pensions of the number and base salary of participants employed by the State and county colleges, the State is required to make payment of the employer contributions to the Alternate Benefit Program at a rate equal to 8 percent of the employee's base salary, but the amount of the contribution may not exceed 8 percent of the maximum salary for department officers (Sec. 1). -Specifies that for the member of the Public Employees' Retirement System employed by the county colleges, the State is required to make payment of the employer contributions to the Alternate Benefit Program at a rate equal to 8 percent of the employee's base salary, but the amount of the contribution may not exceed 8 percent of the maximum salary for department officers (Sec. 1).
Legislation - Bill Passed (Senate) (21-19) - (Key vote)

Title: Limiting State Alternate Benefit Program for Higher Education Faculty

Vote Smart's Synopsis:

Vote to pass a bill that requires the State to contribute no more than 8 percent of the salary for department officers toward the Alternate Benefit Program.

Highlights:
-Specifies that based on a certification by the Division of Pensions of the number and base salary of participants employed by the State and county colleges, the State is required to make payment of the employer contributions to the Alternate Benefit Program at a rate equal to 8 percent of the employee's base salary, but the amount of the contribution may not exceed 8 percent of the maximum salary for department officers (Sec. 1). -Specifies that for the member of the Public Employees' Retirement System employed by the county colleges, the State is required to make payment of the employer contributions to the Alternate Benefit Program at a rate equal to 8 percent of the employee's base salary, but the amount of the contribution may not exceed 8 percent of the maximum salary for department officers (Sec. 1).
Legislation - Introduced (Senate) -

Title: Limiting State Alternate Benefit Program for Higher Education Faculty

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