10/27/2008
Gov. Jon Corzine signed into law a new benefits package for state employees that raised the retirement age from 60 to 62 and increased the minimum salary workers must earn before being eligible for pension benefits. Now state government employees must earn at least $7,500 per year to qualify for a pension. The previous minimum was $500.
10/27/2008
Wage freezes and other employee concessions negotiated in October brought New Jersey’s largest newspaper, Newark’s The Star-Ledger, back from the brink of a sale or possible bankruptcy.