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New Jersey Resources Professionals: Do Not Let Job Loss Ruin Your Livelihood

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Healthcare Provider Update: Healthcare Provider for New Jersey Resources New Jersey Resources (NJR) is a publicly traded energy services company that provides natural gas and energy services to support their customers. They have partnered with various healthcare insurers to offer health benefits to their employees. While the specific healthcare provider for NJR does not seem to be explicitly documented, they typically leverage local and nationwide providers suited for corporate health benefits under state and federal health regulations. Potential Healthcare Cost Increases for New Jersey Resources in 2026 As we look ahead to 2026, healthcare costs are anticipated to rise significantly for New Jersey Resources employees. Due to factors such as escalating medical services costs and the expiration of enhanced ACA premium subsidies, individuals could face premium increases averaging nearly 36.5% for local government employees and 29.7% for school employees. This perfect storm of rising healthcare expenses, coupled with the pressure on insurers to maintain profitability, poses the risk of out-of-pocket expenses soaring, thereby underlining the urgent need for strategic financial planning in the upcoming year. Click here to learn more

In the ever-evolving corporate landscape, experiencing a job displacement is not uncommon. The ramifications of such an event are manifold, impacting not only one's financial position but also their emotional and physical well-being. For high-achieving New Jersey Resources professionals, this experience can be particularly jarring. While some may view it as an opportunity for a new beginning, others may find the experience deeply unsettling.

Emotional and Physical Manifestations

One cannot underestimate the myriad of emotional responses that accompany job displacement:

Emotional Responses  : These might range from initial shock and disbelief to more profound feelings like anxiety, irritability, anger, and frustration. As the reality sinks in, emotions like sadness, fear, feelings of worthlessness, and a loss of self-esteem might also emerge. Shame is another by-product, especially for those who equate their professional standing with personal worth.

Physical Responses  : The emotional turmoil often manifests physically. Common symptoms include fatigue, frequent headaches, significant weight fluctuations, disturbances in sleep patterns, gastrointestinal distress, muscle pain, and even nausea.

These responses, although distressing, are quite normal given the circumstances. However, understanding how to navigate them can pave the way for a more resilient comeback.

Strategies for Navigating Job Displacement

1.   Foster Strong Bonds  : Maintain open channels of communication with friends and family. Sharing one's feelings and concerns not only alleviates stress but also provides a platform for understanding and empathy.

2.   Prioritize Physical Well-being  : As the adage goes, a healthy body houses a healthy mind. Regular exercise serves as a powerful counter to stress. Moreover, mindful eating and adequate sleep are paramount in maintaining one's overall health.

3.   Self-compassion  : Engage in activities that foster relaxation and well-being. Whether it's a leisurely stroll, a comforting bath, meditation, prayer, or enjoying music, these actions can serve as a balm for the stressed mind.

4.   The Power of Writing  : Documenting one's journey, thoughts, and emotions can be therapeutic. It can be through journaling, letter-writing, or even simple list-making. This process can offer clarity and a sense of direction.

5.   Maintain an Optimistic Mindset  : Being mindful of one's inner dialogue is crucial. Counter negative self-talk with positive affirmations. Remember, the course of life is replete with ups and downs. Holding onto hope and envisioning a brighter future can propel one forward. It's vital to internalize that adversities are transient – 'this too shall pass'.

Consulting Professional Aid

Job displacement can trigger prolonged feelings of anxiety and depression, leading to disruptions in daily life, including sleep and leisure activities. Recognizing and addressing these emotions is vital.

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Should these feelings intensify or linger, consulting a medical or mental health professional might be prudent. Given the strain job displacement can exert on personal relationships, seeking counseling might offer beneficial perspectives and coping strategies.

In conclusion, while job displacement can be a challenging episode in one's life, it is essential to remember that it's a phase, not a permanence. With the right tools and mindset, one can not only navigate this period but also emerge stronger, more resilient, and prepared for the next chapter of their professional journey.

An additional consideration for those nearing or in New Jersey Resources retirement is the potential impact of layoffs on one's financial security. According to a study by the Urban Institute in 2020, older workers, specifically those aged 50 and above, are less likely to regain employment after a job loss compared to their younger counterparts, which can have significant implications for retirement planning. The emotional toll of this realization is profound, as concerns about financial stability in the golden years come to the fore. To mitigate these feelings, it's imperative to reassess and possibly recalibrate retirement plans, ensuring that emotional well-being is aligned with financial preparedness.

Navigating the emotional aftermath of a layoff is akin to steering a ship through turbulent waters after decades of smooth sailing. Just as an experienced captain leans on his knowledge, instruments, and crew to weather the storm and find calm seas again, a seasoned New Jersey Resources professional can rely on emotional coping strategies, financial recalibrations, and supportive networks to traverse the challenges of job displacement, ensuring a safe and fulfilling journey into the horizon of New Jersey Resources retirement.

What is the 401(k) plan offered by New Jersey Resources?

The 401(k) plan at New Jersey Resources is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out.

How can employees enroll in the New Jersey Resources 401(k) plan?

Employees can enroll in the New Jersey Resources 401(k) plan by completing the enrollment form available through the HR portal or by contacting the HR department for assistance.

Does New Jersey Resources match employee contributions to the 401(k) plan?

Yes, New Jersey Resources offers a matching contribution to the 401(k) plan, which helps employees grow their retirement savings.

What is the maximum contribution limit for the New Jersey Resources 401(k) plan?

The maximum contribution limit for the New Jersey Resources 401(k) plan is in line with IRS guidelines, which are subject to change annually.

When can employees start contributing to the New Jersey Resources 401(k) plan?

Employees can start contributing to the New Jersey Resources 401(k) plan after completing their eligibility period, typically within the first few months of employment.

Are there any fees associated with the New Jersey Resources 401(k) plan?

Yes, there may be administrative fees associated with the New Jersey Resources 401(k) plan, which are disclosed in the plan documents provided to employees.

Can employees take loans against their 401(k) balance at New Jersey Resources?

Yes, New Jersey Resources allows employees to take loans against their 401(k) balance, subject to specific terms and conditions outlined in the plan.

What investment options are available in the New Jersey Resources 401(k) plan?

The New Jersey Resources 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

How often can employees change their contribution amount to the New Jersey Resources 401(k) plan?

Employees can change their contribution amount to the New Jersey Resources 401(k) plan on a quarterly basis or as specified in the plan guidelines.

What happens to the New Jersey Resources 401(k) plan if an employee leaves the company?

If an employee leaves New Jersey Resources, they can either roll over their 401(k) balance to another retirement account, cash out, or leave the funds in the plan, depending on the plan's rules.

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For more information you can reach the plan administrator for New Jersey Resources at , ; or by calling them at .

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