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New Jersey constitution protects state pension retirees

New Jersey constitution protects state pension retirees
BY KYLE HUTCHISON
NEWJERSEYNEWSROOM.COM

An appeals court in New Jersey ruled that cost of living adjustment (COLA) for retirees are protected under New Jersey’s state constitution.

Cost of living adjustment refers to the income increases based around in social security benefits based around the cost of living in your region.

New jersey supreme court judge wrote about the case “the history of pension statutes… convinces us that COLA’s are such an integral part of the pension system that the legislature must have intended that they be included as part of the non-forfeitable right of 1997.”

 

4 Changes to NJ Alimony Rules

4 Changes to NJ Alimony Rules
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

There are currently no limits on how long alimony payments can continue in New Jersey. Many parties see the state’s laws as outdated.

After an extended battle, the Senat...

New Jersey Graduates' Futures Look Bleak

New Jersey Graduates' Futures Look Bleak
BY FRANCESCA PHILLIPPY
NEWJERSEYNEWSROOM.COM

Forbes has released that News Jersey is one of the most competitive job markets for college graduates, coming in fourth after Illinois, Rhode Island, and Was...

3 of the Best Ideas from Princeton University’s 17th Annual Entrepreneur Competition

3 of the Best Ideas from Princeton University’s 17th Annual Entrepreneur Competition
BY MARY MARSHALL
NEWJERSEYNEWSROOM.COM

This year, on Friday May 30, Princeton University held their 17th annual Entrepreneurs’ Network Business Plan Competition where graduates and students presented th...

Winning Powerball Numbers Worth $122M for Wednesday, July 9

Winning Powerball Numbers Worth $122M for Wednesday, July 9
BY BOB HOLT
NEWJERSEYNEWSROOM.COM
No one was able to win the Powerball jackpot in the game’s drawing of July 5. The last winner of a Powerball grand prize came on June 11.

Seven consecutive drawings with...

New Jersey is Foreclosure Capital of the Nation

New Jersey is Foreclosure Capital of the Nation
BY FRANCESCA PHILLIPPY
NEWJERSEYNEWSROOM.COM

New Jersey officially has the most foreclosure loans in the United States.

The Garden State is followed by Florida and New York in the second and third spots,...

Baby-Sitting Pay Rate High in New Jersey

Baby-Sitting Pay Rate High in New Jersey
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

If you need a night out away from the kids, you’re going to have to pay for it.

Some of the better paying jobs in the area involve baby-sitting. They’re paying nearly $1...

Revel Casino Expected To Close Doors This Summer

Revel Casino Expected To Close Doors This Summer
BY FRANCESCA PHILLIPPY
NEWJERSEYNEWSROOM.COM

ATLANTIC CITY – The Revel Casino Hotel’s financial problems have finally caught up to them. The employees were given letters this past Thursday warning them ...

3 Reasons Not to Throw Away Lottery Tickets

3 Reasons Not to Throw Away Lottery Tickets
BY BOB HOLT
NEWJERSEYNEWSROOM.COM

The lottery tells you it pays to dream, but it pays even more so when you check your tickets.

Two men from Suffern, New York said they checked their Powerball tickets in...

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