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State Budget Down to Wire—Both Parties Propose Changes in School Aid
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| Political jockeying over the proposed state budget continued this week as Democrats unveiled a plan to increase funding for extraordinary special education costs, while Republicans countered with a plan to raise state school aid for districts experiencing rising enrollments. Get the full story. |
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| Education Community Calls Upon Commissioner to Rethink Unsafe School Policy |
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As part of the Leadership for Educational Excellence group (LEE), NJSBA presented a letter to Commissioner William Librera expressing serious concerns about the proposed Unsafe School Choice Option Policy, which is currently under consideration by the State Board of Education. Get the full story.
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June 12th Legislative Action
A-2640 (Sires, Doria)—Would allow school boards, educational services commissions and jointure commissions to offer an early retirement package to employees enrolled in the Public Employees’ Retirement System or the Teachers’ Pension and Annuity Fund. Employees, age 50 or older, who have at least 25 years in PERS or TPAF would be given an additional three years of service credit toward their pensions. Workers, age 60 or older with 10 to 20 years of service, would be eligible to receive an additional $500 a month in pension benefits for the first 24 months of retirement. The boards and commissions could issue refunding bonds to retire the present value of the unfunded accrued pension liabilities for early retirement incentive benefits. Get the full story.
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