The purpose of this notice is to clarify the effect of the previously published January 15, 2013 Supreme Court order (copy appended) regarding the post-judgment interest rate for calendar 2013.
The Supreme Court entered the January 15, 2013 order as an interim measure to adjust the 0% rate of post-judgment interest that was previously announced in a July 24, 2012 notice to the bar. The January 15, 2013 order relaxed and supplemented Court Rule 4:42-11(a)(ii) so as to revise the base 2013 post-judgment interest rate from 0% to 0.25%, retroactive to January 1, 2013. Thus, the 2013 post-judgment interest rate for judgments of $15,000 or less is 0.25% and, pursuant to paragraph (a)(iii) of the rule, for judgments over $15,000 the 2013 post-judgment interest rate is 2.25%.
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