Please see the recently announced NJ TDB plan changes for 2018 below.
What is changing for 2018?
Weekly benefit max: Increasing to $637 (previously $633)
Taxable wage base max: Increasing to $33,700 (previously $33,500)
The Weekly benefit and taxable wage base typically increase each year to keep pace with cost of living. In recent history, the average year over year increase has been about 1.5%. For 2017, the increase was 3% so it makes sense that 2018 is <1%.
What about the 2018 employee/employer rates?
We will get guidance on the 2018 mandated EMPLOYEE rate later in the year (timing currently unknown).
The new EMPLOYER rates for groups in the state fund will be released in August.