NJ Lawmakers To Pursue Minimum Wage Bill, Not Amendment

Law360, New York (November 13, 2012, 3:57 PM EST) -- Resolving a clash over how New Jersey should increase its minimum wage, state Senate leaders have agreed to shelve a proposed constitutional amendment and instead advance an Assembly-approved bill that increases the rate to $8.50 and requires annual adjustments based on Consumer Price Index increases.

Lawmakers would move forward with the constitutional amendment — which would increase the minimum wage to $8.25 and also provide CPI-based increases — if Gov. Chris Christie vetoes the other bill, a Senate spokesman confirmed Tuesday. Democrats, who control both houses,...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.