S2609

TRENTON � Legislation sponsored by Senators Shirley K. Turner (D-Mercer) and Fred Madden (D-Gloucester, Camden) that will reduce the amount of money employees pay into the Temporary Disability Insurance fund and refine unemployment benefit instructions have been signed into law.

The first new law (S-2609) will require the Commissioner of the Department of Labor and Workforce Development, beginning in 2012, to make annual adjustments in the rate of contribution paid by workers into the Temporary Disability Insurance fund. This move will ensure that the amount people pay into the system is actually linked to its needs.

�The Temporary Disability Insurance fund will begin running a surplus by 2013 and be adequately funded,� said Turner. �It makes sense then that we should reduce the amount of money that we collect from workers. The tax reduction will result in workers� bringing home additional pay, giving them more disposable income to help stimulate our state�s economy.�

�Public and private workers use temporary disability benefit funds, so this bill will be a big step forward in alleviating the cost of them doing so. It is a simple, efficient measure to put money back in the pockets of working residents,� said Madden, chair of the Senate Labor Committee.

TRENTON – A bill sponsored by Senators Shirley K. Turner (D-Mercer) and Fred Madden (D-Gloucester, Camden) that would reduce the amount of money employees pay into the Temporary Disability Insurance fund was passed today by the full Senate.

“Given the difficult economic times, it is important that we provide working families with as much disposable income as possible,” said Turner. “The Temporary Disability Insurance Fund will be running a surplus by 2013, so by reducing the amount employees pay in, we are doing just that.”

TRENTON – A bill sponsored by Senators Shirley K. Turner (D-Mercer) and Fred Madden (D-Gloucester, Camden) to reduce the amount of money employees pay into the Temporary Disability Insurance fund was released from the Senate Labor Committee on Monday.

“The Temporary Disability Insurance fund will begin running a surplus by 2013 and be adequately funded,” said Turner. “It makes sense then that we should reduce the amount of money that we collect from workers. The tax reduction will result in workers’ bringing home additional pay, giving them more disposable income to help stimulate our state’s economy.”