TRENTON – Two of the three pension reforms bills have the votes to pass today in the Assembly.
S-2, is on hold, according to sources in the legislature, but S-3 and S-4 have the votes.
After a long time behind closed doors, the Assembly Democratic caucus just entered the chamber.
Legislators are limbering up now.
The bill without the votes would alter the state-administered retirement systems concerning eligibility and specifically impacts the Police and Firemen’s Retirement System (PFRS) and employer contributions to the pension systems. Assembly members want amendments concerning opt out provisions.
Teachers and teachers’ reps in the gallery brace for a crashing let down as S-3 would require active employees of local government entities and boards of education to contribute 1.5 percent of compensation for health care benefits.
Also slated for passage is S-4, which forbids supplemental compensation for accumulated unused sick leave payable to any new local government or school district officer or employee from exceeding $15,000, and limits to one year new employees’ carry-forward capacity of vacation and sick leave.