State Business Tax Climate – 2022

The Tax Foundation released their 2022 State Business Tax Climate Index and coming in last….again:

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NJ Retirees Back To Teaching

A5576 was passed unanimously out of committees of both houses today. The new law would:

Permit [a] school teacher who is retired from TPAF to return to employment during public health emergency and state of emergency for COVID-19 pandemic, for up to two years without reenrollment in TPAF.

Some detail on what should be enacted shortly:

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SFA Update

The PBGC Special Financial Assistance program for troubled multiemployer plans had two new applications and several plans withdrawing and reapplying. Their summary page now has four worksheets showing plans Under Review (20), Approved (2), Denied (0) and Withdrawn (10) though all 10 of the Withdrawn plans reapplied and are included in the Under Review worksheet.

Our updated summary:

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Coping with Bromides and Brian’s CD

Lot of unknowns all around me and I thought mini-books on fear and grief might help. Verdict still out on them but not on my friend Brian’s annual holiday CD.

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SFA Bailouts: Round 2

Today, December 27, 2021, the American Rescue Plan (ARP) Special Financial Assistance Program opens up to multiemployer plans expected to be insolvent within one year of the date the plan’s application is filed.

There have been 20 filings in round 1 of plans already insolvent or projected to be insolvent by March 11, 2022 and, based on a review of 5500 data, there should be another 20 in this round 2:

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Metabolical (2)

Subtitled “The Lure and the Lies of Processed Food, Nutrition, and Modern Medicine” the book offers a lot of wisdom that I wish I were smarter enough to fully comprehend.

More excerpts:

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Metabolical (1)

Subtitled “The Lure and the Lies of Processed Food, Nutrition, and Modern Medicine” the book offers a lot of wisdom that I wish I were smarter enough to fully comprehend.

Excerpts so far:

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Breaking News: Second SFA Decision

The PBGC Special Financial Assistance program for troubled multiemployer plans has ruled on the third plan to apply for bailout money.

According to a PBGC press release:

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Breaking News: First SFA Decision

The PBGC Special Financial Assistance program for troubled multiemployer plans has ruled on the second plan to apply for bailout money.

The Local 138 Pension Trust Fund applied for $110,212,179 on August 23, 2021. Today, exactly 120 days later, their status on the SFA website changed:

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Joe Biden’s multiemployer pension plan rescue is turning into a political disaster

John Dizard in the Financial Times stated the obvious to anyone paying attention.

Excerpts:

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