New Jersey’s recently enacted alimony statute deals with modification of alimony in the event the payor loses his/her job through no fault of their own.
Even though this law allows a payor to seek modification once the payor has been without employment for 90 days, there is not an automatic termination or reduction. The Court must consider many factors which are set forth in the statute, which include but are not limited to:
- The reasons for the loss of income;
- The payor’s efforts to replace his or her employment or find alternative employment;
- The payor’s health and how it affects his or her ability to obtain employment; and,
- Any severance award received from the previous employer.