1. NJ TDB Regulatory Update
Earlier this year, The State of NJ passed sweeping changes to NJ TDB making it much easier for employers to privatize NJ TDB coverage.
The State of NJ is in the midst of releasing AC 174s (Notice of Employer Contribution Rates) which is the document needed to secure quotes to privatize. The time to act is now! Private plans are typically placed for January 1st effective dates.
Employee consent is no longer required for plans that withhold employee contributions. Employees subject to a collective bargaining agreement may still be required to give employee consent. See Page 64 of the bill, link listed below.
Effective July 2020 the benefit will increase to 85% of Average Weekly Wage. Based on the current Statewide Average Weekly Wage, this would mean a weekly benefit of $859 per week (final max to be determined). Based on the upcoming increased weekly benefit, the employee contribution rate has also been increased effective January 1, 2020.
No “wet signatures” required on State of NJ DP-1 Applications
Coverage extended for “Partial Disability.”
As we digest these changes, we will provide you with more information!

2. Most recent NJ TDB assessment is $.000224 multiplied by taxable wages
2019 New Jersey TDB Update
2020
2019
2018
2017
2016
2015
Maximum Weekly Benefit
TBD Approx. $859 (7/2020)
$650
$637
$633
$615
$604
Taxable Wage Base
TBD
$34,400
$33,700
$33,500
$32,600
$32,000
Alternative Earnings Test
$8,600
$8,500
$8,400
$8,300
Employee Contribution Rate
$.26/$100 of taxable wages
$.17/$100 of taxable wages
$.19/$100 of taxable wages
$.24/$100 of taxable wages
$.20/$100 of taxable wages
$.25/$100 of taxable wages
Most recent NJ TDB assessment is $ multiplied by taxable wages

3. Benefits of Privatizing NJ TDB Benefits
Private Insurance Carrier
State Fund
Toll Free 800 Number for Claims
Yes
Not Available
Access to Claim Examiner Assigned to Policyholder
State Assessment Fees
None, Private Carrier will pay this fee on behalf of the employer for the policy years covered
Availability to Increase Weekly Benefits
Additional Services such as Claim Diagnostic Reports, W2 Services, FICA Match Services, etc.
Yes (Available on a case by case basis)
Multi-Year Rate Guarantees
Yes (subject to loss experience)
Average Claim Turnaround Time
3-5 Business Days
3 Week Minimum
Frequency of Claim Payments
Weekly
Bi-Weekly

4. NJ TDB Questionnaire can be found on our website; Rwarnerinc.com
Please reach out to one of our NJ TDB Team Members to assist you with securing meaningful savings for your client:
Team Member
Title
Address
Extension
Anthony Cortese
Senior Vice President – Principal
Mark Wintjen
Assistant Vice President
Fitzroy Blackman
Account Representative
Kimberly Machnach
Gabrielle Balestrieri
NJ TDB Questionnaire can be found on our website; Rwarnerinc.com