Allows annual salary adjustments for certain New Jersey justices and judges based on CPI changes.
This bill amends the law to permit annual adjustments to the salaries of certain New Jersey justices and judges based on changes in the Consumer Price Index (CPI). Beginning on January 1, 2025, the State Treasurer will adjust salaries annually if the CPI change is greater than zero, with adjustments capped at 2%. The first adjustment will be determined by December 1, 2024, and will apply to payments starting January 1, 2025. The bill removes the existing prohibition on further adjustments after December 1, 2026, allowing for continued adjustments to commence January 1, 2027.
Included in complete analysis
- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
See what it does, who it affects, and the critical issues in plain language. Free, 30 seconds.