Friday, June 9, 2023
North-JerseyNews.com
  • Home
  • Washington
  • Trenton
  • County
  • Court
  • Roundup
  • Opinion
  • Search
  • Donation
No Result
View All Result
  • Home
  • Washington
  • Trenton
  • County
  • Court
  • Roundup
  • Opinion
  • Search
  • Donation
No Result
View All Result
North-JerseyNews.com
No Result
View All Result
Home County

Job-Sharing Furlough Bill Could Save Up to $750 Million

Nathan Resso by Nathan Resso
May 6, 2020
in County, Trenton
0 0
0
Senate_President_Stephen_M._Sweeney
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

A job-sharing furlough bill put forth by State Sen. President Steve Sweeney saving up to $750 million for workers, businesses, and taxpayers has received bipartisan support from two key lawmakers.

Sens. Nellie Pou (D-35), chairwoman of the Commerce Committee, and Steve Oroho (R-24), a member of Senate Budget and Appropriations Committee, voiced their support for the plan.

The legislation, designed to capitalize on provisions of the federal Coronavirus Aid, Relief, and Economic Security (CARES) Act, will ensure furloughed employees retain health and pension benefits in addition to maximized payments.

Savings Today

At the same time, the senators argued it would generate millions in savings for businesses and provide benefits to taxpayers.

“Launching a statewide Job-Sharing Furlough Program provides savings today while many workers are restricted from performing their full duties, while providing needed savings, which could provide protection from layoffs in the future,” said Sen. Sweeney.

The New Jersey Job-Sharing Furlough Program would capitalize on two provisions contained within the $2.2 trillion CARES Act, signed into law March 27.

Capitalizing on CARES Provisions

The CARES Act provided for a $600 per week payment to workers laid off or furloughed due to the current coronavirus pandemic. Additionally, it provided for 100% reimbursement by the federal government for the cost of state unemployment benefits for any states enacting a job-sharing furlough program under an existing state law.

With the provision for the $600 payments set to end July 31, the senators reasoned the program would provide as much money as possible to New Jersey’s residents, and urged Gov. Phil Murphy and the Department of Labor and Workforce Development to launch immediately.

“Every day we delay costs us money. We have to do everything we can to save tax dollars now to avoid a bigger budget crisis later,” said Sen. Oroho.

Safeguarding County, Municipal Workers

The bill would be useful to municipal and county governments who feared laying off workers in light of future budget problems, according to Sen. Pou, who also highlighted the benefits for all New Jerseyans.

The program, as introduced by Pou and her colleagues, would guarantee future pension benefits would not be reduced, and that seniority could still be accrued.

“We should do everything we can to put more money in the pockets of New Jerseyans today so they will have more money to spend to recharge our economy when the coronavirus crisis ends,” he said.

Share this:

  • Twitter
  • Facebook
  • More
  • LinkedIn

Like this:

Like Loading...

Related

Tags: CoronavirusCoronavirus OutbreakCoronavirus Pandemiccounty governmentsCOVID-19COVID-19 PandemicDepartment of Labor and Workforce DevelopmentFurloughJob-Sharing Furlough Programmunicipal governmentsSen. Nellie PouSen. Steve OrohoSen. Steve SweeneyThe CARES ACT
Previous Post

Long-Term Care Facilities Operations Changes Promised by Gov. Phil Murphy

Next Post

New Jersey Public Health Emergency Extended 30 Days

Next Post
Screen Shot 2020-05-06 at 3.05.33 PM

New Jersey Public Health Emergency Extended 30 Days

Leave a Reply Cancel reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

support-Local

Recent Post

North-JerseyNews.com

Air Quality Warning Due to Candiann Fires to Remain Until Friday in North Jersey

by James Hickey
June 8, 2023
0

North-JerseyNews.com

Assemblyman Space: Proposed Mileage Tax Eroded Freedom and Privacy

by Nathan Resso
June 8, 2023
3

North-JerseyNews.com

Poor Air Quality Closes Schools: North-JerseyNews.com Roundup for June 8, 2023

by North-JerseyNews.com
June 8, 2023
1

Popular

North-JerseyNews.com

Air Quality Warning Due to Candiann Fires to Remain Until Friday in North Jersey

by James Hickey
2023/06/08
0

North-JerseyNews.com

Assemblyman Space: Proposed Mileage Tax Eroded Freedom and Privacy

by Nathan Resso
2023/06/08
3

North-JerseyNews.com

Poor Air Quality Closes Schools: North-JerseyNews.com Roundup for June 8, 2023

by North-JerseyNews.com
2023/06/08
1

Subscribe now

Join 100,000+ other subscribers

[ctct form="12911" show_title="false"]
ss-tp
States Where Abortion is Banned (1)

North-JerseyNews.com

When it comes to breaking news North Jersey, North Jersey local news or live news North Jersey, We all look for a reliable source that can give us authentic North Jersey news or local Jersey news.

© Copyright 2021 North-JerseyNews.com

Design and Developed By MOZWEBMEDIA

No Result
View All Result
  • Home
  • Washington
  • Trenton
  • County
  • Court
  • Roundup
  • Opinion
  • Search
  • Donation

© Copyright 2021 North-JerseyNews.com
Design and Developed By MOZWEBMEDIA

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Finance-Currency-Financial-World-Dollar-Funds-634901

Add Your Heading Text Here

Pop-up Design 1 (1)

%d bloggers like this: