Dedicated to Corrections Officers, Policemen, & Firemen throughout the Garden State
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…
As reported in NJ.Com as well as NJSpotlight, the State of New Jersey recently told thousands of union members whose contracts expired June 30, 2015, that they won’t be receiving annual incremental pay increases while there’s no new deal in place. In the past, State employees have received their annual increases if their performance…
Yesterday, NJ.COM reported that Governor Christie was prepared to roll out sweeping pension legislation that would overhaul the way in which teacher pensions would be funded in the State of New Jersey. Presently, teachers pensions in the State of New Jersey are funded by the State and not the School District or Municipality that employs…
As reported in NJ.Com, The Boards of Trustees of New Jersey’s largest pension funds plan to launch a probe into how the state awards fees incurred in managing pension fund investments. The Public Employees Retirement System Board of Trustees voted to conduct a forensic audit of the fund’s expenses, following a similar vote by the…
On March 11, 2015, we posted a blog wherein Senator Sweeney stated that Governor Christie needed to change his tactics at the bargaining table regarding pension reform and if he instead concentrated on “growing” New Jersey’s economy, additional tax revenue would be created that would result in more money to fund the Public Employees’…
As reported in the North Jersey News Publication, The Daily Record, Morris County Sheriff Edward V. Rochford has formally been advised by the freeholders and county administrator that a labor contract he privately negotiated with the Morris County Sheriff’s Officer’s union that provides a 20 percent (20%) increase in salaries over three years —…
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…
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…
As reported in the Burlington County Times, a controversial ordinance to revise the local code to create a Civilian Police Director’s position has been put on hold. The Pemberton Township Council voted unanimously Wednesday night to table a vote on the ordinance and create a subcommittee to research and review the position of Civilian Police…
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…
