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Category Archives: Retiree Benefits

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New Bloomberg Report Casts Dim Light on NJ’s Pension System

Posted in Public Employment Pension Crisis, Retiree Benefits
As reported by N.J.com, New Jersey’s distressed government worker pension system is now the worst funded in the U.S., according to a report by Bloomberg. The Garden State’s public pension fund has languished near the bottom, but has now dropped below Kentucky and Illinois for last place, according to the report. Their analysis compared the states’… Continue Reading

Christie, NJEA Agree To Meet About Changes in Healthcare For Retirees

Posted in Retiree Benefits
As reported by NJ.com, the New Jersey Education Association (“NJEA”) and Governor Chris Christie’s administration agreed to hold an information-only meeting on proposed changes to retiree healthcare.  The administration took the teacher’s union to court to compel members who sit on the School Employees’ Health Benefits Commission to attend commission meetings.  They have boycotted recent… Continue Reading

NJEA, Christie Administration Fight In Court Over Public Retiree Health Coverage

Posted in Retiree Benefits
As reported by NJ.com, a Superior Court judge is expected to decide whether to order members of the State’s teachers’ union in a dispute with Governor Chris Christie’s administration to give up its boycott of meetings setting health care benefits for public employees.  The administration took members of the New Jersey Education Association who sit… Continue Reading

The Costs of Chapter 78, P.L., 2011 on New Jersey Retirees’ Healthcare Contributions

Posted in Public Employment Labor Law, Retiree Benefits, Uncategorized
Chapter 78, P.L., 2011 (hereinafter referred to as “Chapter 78”) went into effect on June 28, 2011, and has increased the average healthcare contributions required of public employees substantially. However, not all employees and retirees are equally effected. This article will briefly outline the effect Chapter 78 will have on newly and prospective retirees. Chapter… Continue Reading

Two Obamacare Taxes Likely to Be Delayed for Two Years

Posted in Contract Negotiations, Retiree Benefits
As reported by Morningconsult.com, with Congress just hours away from unveiling a new budget deal, it is increasingly likely that two prominent Obamacare taxes that help pay for the law — on medical devices and high-cost health plans (or “Cadillac Plans”) — will be delayed for two years. Congressional negotiations have been overlapping on an omnibus spending bill and a bill to renew… Continue Reading

Christie Tells State Pension Fund Trustee’s That They Have No Authority to Request an Audit

Posted in Public Employment Labor Law, Public Employment Pension Crisis, Retiree Benefits
As reported by Samantha Marcus of NJ.Com, The Trustees of one of New Jersey’s largest government employee pension funds say they have been told by Gov. Chris Christie’s administration that they have no authority to request an audit of their fund’s investments, valued at about $80 billion. Tom Bruno, chairman of the board of trustees… Continue Reading

New Jersey’s Credit Rating May Fall Yet Again Based on the Outcome of The COLA Pension Suit

Posted in Public Employment Labor Law, Public Employment Pension Crisis, Retiree Benefits
In accordance with an article published on NJ.Com this past week, New Jersey’s low-end credit rating could fall again if the state Supreme Court rules that retired public workers are entitled to yearly increases (COLA) in their pensions, according to Moody’s Investors Service. A lawsuit challenging one of Governor Christie’s pension-reform laws is pending at… Continue Reading

Memphis’s Pension Crisis is Now a Public Safety Crisis–Will New Jersey Repeat the River City’s Mistakes?

Posted in Public Employment Labor Law, Public Employment Pension Crisis, Retiree Benefits
Yesterday, I received an email from one of our readers, Ed Mecka, from Hoboken, New Jersey, who turned me on to an article regarding the pension crisis that is taking place in Memphis, Tennessee.  The crisis in Memphis has caught the national media’s attention, and an article was printed in the Wall Street Journal a… Continue Reading

Senator Sweeney Calls Christie’s Labor Negotiations Tactics into Question

Posted in Contract Negotiations, Interest Arbitration, Public Employment Labor Law, Retiree Benefits
As reported on the website, the New Jersey Politicker, Senator Sweeney recently questioned the labor negotiating tactics of New Jersey Governor Chris Christie.  Sweeney went on the record stating “When you hear [Governor Chris Christie] focusing on pension reforms and benefit costs, it got the attention of a lot of people nationally. But the reality is… Continue Reading

NJ Trooper Unions Sue Christie Over Shortchanged Pension Payment In Proposed Budget

Posted in Public Employment Labor Law, Retiree Benefits
As reported by NJ.com, a group of unions representing New Jersey State Troopers are the first to sue Governor Chris Christie to force him to make a larger payment to the State’s public-worker pension system in his latest state budget proposal.  Christie’s proposed budget, which covers the fiscal year that begins in July, includes a $1.3… Continue Reading

Police and Fire Benevolent Associations File Lawsuits To Mandate Funding

Posted in Public Employment Labor Law, Retiree Benefits
As reported by Politckernj.com, in the aftermath of Governor Chris Christie’s budget address, the leaders of the State’s Police and Fire Benevolent Associations announced their decision to file separate lawsuits aimed at making the Governor comply with the full funding of the public pensions.  Below, reprinted in its entirety, is a statement of explanation the… Continue Reading

NJ League of Municipalities Warns that Christie’s Proposed Pension Reform Could Disenfranchise Workers and Trigger a Mass Exodus of Local Employees

Posted in Contract Interpretation, Contract Negotiations, Interest Arbitration, Public Employment Labor Law, Retiree Benefits
As reported in NJ.Com, the New Jersey League of Municipalities stopped short of taking an official position on Gov. Chris Christie’s proposed pension reforms but stated the proposed changes could disenfranchise workers and trigger a mass exodus of local workers.  Executive Director Bill Dressel shared the league’s concerns in a letter to the governor late last… Continue Reading

Moody’s Downgrades New Jersey’s Credit Rating as a Result of Christie’s Illegal Pension Blunder

Posted in Contract Negotiations, Interest Arbitration, Public Employment Labor Law, Retiree Benefits
As reported in NJ.Com, Judge Jacobson’s ruling this week that public worker pension contributions are contractually protected will constrict the state’s ability to balance its budget in the future, Moody’s, a Wall Street rating agency, said today.  The flexibility of the state’s pension payment has been “a tool essential” to balancing the budget, Moody’s Investors Service… Continue Reading

NJ Unions Deride Christie Pension Fix As ‘Deceptive,’ Say It ‘Punishes’ Healthy Funds

Posted in Retiree Benefits
As reported by NJ.com, just hours after Governor Chris Christie claimed he’d reached an “unprecedented accord with the New Jersey Education Association” that would “solve our long-term problems with the pension and health benefit systems,” the criticism poured in, from the NJLEA, from other union leaders and even a former New Jersey governor.  NJLEA President… Continue Reading

Christie Pension Commission Recommends Plan For Fewer Benefits

Posted in Retiree Benefits
As reported by NJ.com, Governor Chris Christie’s high-powered pension commission has proposed a sweeping plan that would save the State billions in retirement and health care costs while reducing benefits for hundreds of thousands of public workers.  The commissi0n says New Jersey needs to drastically change its pension and health plans.  Christie’s budget address will… Continue Reading

Will New Jersey’s Pension Fund Run Dry in Four Years?

Posted in Retiree Benefits
As reported in NJ.COM, New Jersey’s unfunded public employee pension liabilities have soared to $83 billion, more than double previous estimates, as the state comes into compliance with new accounting rules, according to a report released today by Moody’s Investors Services,  a Wall Street ratings agency. Governor Chris Christie’s administration acknowledged the change in a… Continue Reading

NJ Public Workers Pay High Percentage of Health Care Costs, Analysis Says

Posted in Retiree Benefits
As reported by nj.com, a new analysis says the State’s employees pay more than the national average for state government workers toward their health insurance costs.  The analysis by NJ Spotlight notes that the cost of New Jersey’s public employee health insurance coverage remains the third-highest in the United States.  But it also shows the… Continue Reading

The State of the Country’s Public Pension Systems

Posted in Retiree Benefits
Linked below is a very interesting and powerful article published in Bloomberg Personal Finance that discusses the perils of various public employee pension systems across the United States.  Every Public Employee in the State of New Jersey should take a few minutes to review this article to educate themselves regarding "the state" of Public Employee Pension Systems across America.… Continue Reading

New Jersey Senate Republicans Push Christie Pension Reform and Civil Service Reform

Posted in Retiree Benefits
As reported on New Jersey State Senator Tom Kean’s website, Senator Kean appears to be pushing the Christie agenda of Civil Service reform and Public Employee Pension reform.   In a press release dated July 26, 2013, Kean stated: “I’m glad that Senate Democrats have finally decided to show up to work in Trenton this summer,”… Continue Reading

PR&A Wins Notable Public Pension Appeal

Posted in Retiree Benefits
On July 30, 2010, the Appellate Division decided James Henderson v. Board of Trustees, Public Employees’ Retirement System, Docket No.: A-6176-08T2. In the case, James Henderson appealed the Board of Trustees of the Public Employees’ Retirement System’s (“Board”) denial of his application for accidental disability benefits. Frank M. Crivelli, Esq. and Donald C. Barbati, Esq. of… Continue Reading
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