N.J.S.A. 17:48E-46.16 — Full-time employees maintained for 36 months following transition

17:48E-46.16. Full-time employees maintained for 36 months following transition 16. 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.

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