News Tagged With: employee-benefits
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April 23, 2013

OCTA changes pension plan

Beginning Jan. 1, 2014, administrative employees will contribute an average of 2% of their salaries to their pensions. That contribution will increase each year until employees are paying 100% of their employee share by Jan. 1, 2017. The plan will result in an $8.2 million savings to taxpayers over the three-year period.


March 29, 2011

Gov. Christie aims to halt N.J. Transit payouts

The agency paid out almost $3.6 million in unused vacation pay to 722 current and retired employees, plus paid sick time cash-outs for 1,743 last year.


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