This past week, New Jersey’s Governor Christopher Christie vetoed a new minimum wage bill (A2162) that had been previously passed by the State’s Legislature. This legislation had proposed increasing New Jersey’s minimum wage from $7.25/hour to $8.50/hour, and linking future minimum wage increases to the Consumer Price Index (“CPI”), which measures changes in price levels of consumer goods and services purchased by households. The Democratic-controlled Legislature believed that tying future increases to the CPI would more accurately reflect the value of the State’s minimum wage and largely eliminate politics from the equation. Instead, Governor Christie vetoed the bill and proposed an increase to the current minimum wage by $0.25 this year, $0.50 in 2014, and another $0.25 in 2015, in order to lessen the immediate burden on businesses.
Both the New Jersey Senate and General Assembly, however, also passed resolution SCR1. This resolution, scheduled to be voted on by voters next year, will allow the State’s residents to decide on an amendment to the New Jersey Constitution that would raise the minimum wage to $8.25/hour and provide for future increases based upon the CPI.
As the law continues to evolve on these matters, please note that this article is current as of date and time of publication and may not reflect subsequent developments. The content and interpretation of the issues addressed herein is subject to change. Cole Schotz P.C. disclaims any and all liability with respect to actions taken or not taken based on any or all of the contents of this publication to the fullest extent permitted by law. This is for general informational purposes and does not constitute legal advice or create an attorney-client relationship. Do not act or refrain from acting upon the information contained in this publication without obtaining legal, financial and tax advice. For further information, please do not hesitate to reach out to your firm contact or to any of the attorneys listed in this publication.
Join Our Mailing List
Stay up to date with the latest insights, events, and more