Full-time employees maintained for 36 months following transition
N.J. Stat. § 17:48E-46.16
in effect16. a. Upon the formation of a mutual holding company, the total number of full-time employees that were employed within a mutual holding company system shall be maintained for a transition period of 36 months following that formation based on the full-time employee count of the health service corporation as of September 30, 2019, except as provided in subsection b. of this section. b. This section shall not: (1) supersede the terms of any collective bargaining agreement; or (2) require a mutual holding company system to replace headcount lost due to voluntary attrition or terminations for cause, including for performance, or replace any loss of headcount attributable to a decline in enrollment, market share, or loss of a major account. c. This section shall expire following the transition period of 36 months following the formation of a mutual holding company. L.2020, c.145, s.16.
Source: Open US Law by Vaquill AI (CC BY 4.0)URL: https://www.njleg.state.nj.us/legislative-activity/statutesFetched: 10/17/2026