New Jersey S1412 revises laws governing police and fire interest arbitration, including changes to arbitration timelines, fees, and the role of the.
New Jersey S1412 amends laws governing police and fire interest arbitration. It extends the time for filing an appeal of an arbitration award from 14 to 21 days. The bill also increases the daily fee for arbitrators from $1,000 to $1,500, with a maximum total fee of $15,000 per arbitrator. The Local Finance Board can now review and approve arbitration awards involving municipalities in need of stabilization and recovery.
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