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COLA Bill Loses Some Fizz but Is on Way to Governor

By William Rabb (Reporter)

Friday, March 1, 2019 | 0

It was touted as a bill that would provide yearly inflation adjustments to benefits for New Jersey first responders who haven't seen such a raise since the first days of the Reagan administration. Insurers warned it would spike assessments on premiums and cost employers as much as $150 million more per year. In the end, supporters and worker advocates say Senate Bill 1967 may end up benefitting only a few widows of officers killed in the line of duty. The New Jersey Legislature passed the bill earlier this week, and the measure is awaiting the governor's signature. Because the ...

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