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New Jersey is now the first state in the country to guarantee severance pay for mass layoffs Governor Phil Murphy signed the bill into law Tuesday it requires companies with 100 or more full-time employees with a mass layoff to pay employees a week's pay for each year of service at the company the law also increases the minimum number of days notice from 60 to 90 for those incidents the bill's supporters say they hope it will make the companies think twice about whether layoffs are a solution Katie Johnston for CBS Philly
