New Jersey Records Show A Slower Pace Of Public Employees’ Retirement

According to the records of New Jersey, the public employees this year are retiring from their respective jobs at a slower speed opposing to the fast pace in the past years.

The state is expecting to receive the retirement papers from the approximated 13,865 number of the workers from the locality and from the state. The total number of workers, who will submit their retirement papers, that’s expected this year decreased from the 19,585 total of last year. It’s also down when compared to the year 2010 wherein 20,200 workers submitted their retirement papers after the Governor Chris Christie started to call the health insurance as well as the pension reforms.

The biggest jump when it comes to retirement matters were seen by the teachers when Gov. Chris Christie took the office having a total number of 7,109 leave-taking the labor force last 2010 as the governor cut the assistance to the local school districts.

The records of New Jersey showed that there are 3,858 teachers that are expected to submit their retirement papers this year.

On the other hand, the spokesman Steve Wollmer of the New Jersey Education Association detailed that he assumes that a slower pace of retirements has something to do with the slow-moving economic recovery.

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