The two percent cap on interest arbitration awards expired at the end of the year 2017. In response, lawmakers in both the New Jersey Senate and Assembly recently introduced legislation to permanently extend the 2% Interest Arbitration cap, which limits how much compensation arbitrators can award police and firefighters who have
Local governments should be aware that the two percent cap on interest arbitration awards is set to expire at the end of the year. The cap limits how much compensation arbitrators can award police and firefighters who have reached a contract negotiation impasse with New Jersey municipalities. Under existing law, any
On June 24, 2014, Gov. Chris Christie signed a bill that extends the cap on how much compensation arbitrators can award police and firefighters who have reached a contract negotiation impasse with their local municipalities. The law (A-3424) took effect immediately and is retroactive to April 2, 2014. Under existing
