Report: Mazzeo Wants Assembly to Reconvene for Atlantic City Bill

According to a report in the Press of Atlantic City, LD2 Assemblyman Vince Mazzeo wants Speaker Prieto to reconvene the Assembly to vote on his Atlantic City public safety bill, A4840, which passed the State Government Committee and Assembly Budget Committee last month.  Republicans on both committees either voted against or abstained; Democrats voted in favor.    

According to a Mazzeo press release when the bill passed the committees, the bill would amend the Municipal Stabilization and Recovery Act by specifically requiring that a municipality deemed in need of stabilization cannot institute layoffs in a public safety department without first offering, in writing, an early retirement incentive offer, and would change existing law to provide that a municipality in need of stabilization and recovery that offers its employees a retirement incentive program will not pay interest on the amount of its liability to the retirement system; and reduce the maximum allowable period over which the municipality may pay the liability to the retirement system from 15 years to 10 years.

On June 29th – the day the Assembly gridlock over the budget took hold – Mazzeo amended the bill on the floor to allow for a municipality in need of stabilization and recovery to pay the amount of its early retirement incentive program liability to the retirement system through annual installment payments without interest.  

(Visited 244 times, 1 visits today)

News From Around the Web

Podcasts