New Jersey Public Safety Officers Law Blog

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Public Safety Officers Law Blog

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Tag Archives: NJ pension reform

Pension Bill Requiring Quarterly Payments Heads To Christie’s Desk

Posted in Public Employment Pension Crisis
As reported by NJ.com, lawmakers voted overwhelmingly to send Governor Chris Christie a bill that will require the State to make quarterly payments to New Jersey’s ailing public worker system.  The proposal, which cleared the Senate by a 35-0 vote and the Assembly 72-0, is a reworked version of similar legislation Christie twice vetoed.  It… Continue Reading

State Pension Guarantee Dead For November Ballot

Posted in Public Employment Pension Crisis
As reported by NJ.com, Senate President Stephen Sweeney rejected calling for a crucial vote Monday on a referendum asking voters to constitutionally guarantee state payments into the government worker pension fund, killing its chances of appearing on the November ballot and disappointing public labor unions.  The likelihood that Sweeney, once the prime champion of that… Continue Reading

Deadline For NJ Senate To Take Action On Public Worker Pension Amendment

Posted in Public Employment Pension Crisis
As reported by NJ.com, Senate leaders have spent weeks trying to build a supermajority to override Governor Chris Christie’s opposition to a Transportation Trust Fund tax package, a plan that also holds the fate of a voter referendum on public worker pensions.  And for the last week, they’ve said they’re within a vote or two… Continue Reading

Moody’s Comments on Various NJ Pension Issues

Posted in Public Employment Pension Crisis
As reported by NJ.com, Moody’s Investors Service again sent up a warning flare that a possible New Jersey Supreme Court ruling striking down cuts to public retirees’ pension benefits would soak the struggling retirement system with new pension liabilities.  But in its latest report released on the “extraordinary decisions and challenges” the Garden State faces,… Continue Reading

NJ Lawmakers Clash Over Forcing Bigger Pension Payments

Posted in Public Employment Pension Crisis
As reported by NJ.com, State Senate President Stephen Sweeney and labor leaders defended Sweeney’s proposal to constitutionally enforce payments into the public pension system against arguments it’s a gift to special interests that will shackle New Jersey’s finances.  The scrap between Sweeney and labor leaders versus Senate Minority Leader Tom Kean, Jr. and business lobbyists… Continue Reading

Lawmakers Push Pension Ballot Question On Forcing NJ To Make Payments

Posted in Public Employment Pension Crisis
As reported by NJ.com, a referendum to amend the New Jersey Constitution to require the State to make contributions to public worker pensions cleared the State Assembly Judiciary Committee on Thursday during a discussion that drew sharp criticism from a Republican lawmaker. Assemblywoman Holly Schepisi (R-Bergen) faulted Democrats for pushing the legislation through without proper… Continue Reading

Legislation Introduced To Cement Promises To Fund Pension Systems

Posted in Public Employment Pension Crisis
As reported by NJ.com, State Senate President Stephen Sweeney introduced legislation that would cement state officials’ promises to fund government workers’ pensions in the New Jersey constitution.  Such a constitutional amendment requiring the State to make payments into the public retirement fund was expected to be the next step after the State Supreme Court this… Continue Reading

Public Worker Retirements Climbing Again With NJ Pension Talks

Posted in Public Employment Pension Crisis
As reported by NJ.com, nearly 10 percent more government workers retired in the first seven months of the year than in the same period last year, a rise some labor leaders say is a response to Governor Chris Christie’s overtures toward cutting benefits.  More than 13,000 public employees retired through July, compared with fewer than… Continue Reading

CWA Director Welcomes Supreme Court Hearing On Pension And Benefit Payment

Posted in Public Employment Pension Crisis
As reported by Politickernj.com, after the New Jersey Supreme Court announced it would hear a case from Governor Chris Christie’s administration over the State’s decision to cut $1.6 billion from this year’s slated payment for the public pension and benefit, it drew a somewhat muted reaction from one union leader who has vocally opposed the… Continue Reading

Lawmakers Push Budget Reforms Year After Shortfall Prompted Christie To Slash Pensions

Posted in Public Employment Pension Crisis
As reported by NJ.com, after tax collections came up short last spring and plunged Governor Chris Christie’s state budget into chaos, lawmakers say bug changes are needed on how the State prepares a spending plan and shares information about it to the public.  Sponsor Gary Schaer (D-Passaic), chairman of the Assembly Budget Committee that approved… Continue Reading
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