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
As reported by NJ.com, a key State Senate Committee approved legislation to ask voters to revise the New Jersey Constitution to require the State to ratchet up contributions to the public pension system. The Senate Budget and Appropriations Committee cleared the resolution along party lines, with Republicans’ opposition rooted in protecting taxpayers from severe
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
As reported by NJ.com, the president of the New Jersey police union that represents nearly 33,000 officers lashed out against Governor Chris Christie after the Governor called him a “pension pig.” Pat Colligan, president of the New Jersey State PBA, referred to the Governor as a “schoolyard bully” and said Christie’s statement “didn’t surprise”
As reported on NJ.Com, yesterday, Mary Jacobson, a State Superior Court Judge blocked an attempt by the Trustees of New Jersey’s largest pension funds to revise their suit seeking billions of dollars from the State to fund the pension system in light of a recent state Supreme Court decision. The state’s highest court in June
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
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.
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 by NJ.com, State Senate President Stephen Sweeney said the answer to New Jersey’s rising public employee pension debt lies in creating a trillion dollar federal loan program that will help states avoid insolvency, spare millions of government workers from economic devastation and take the pressure off state budgets. The government aid program
As reported by NJ.com, from behind a podium on the Statehouse steps, Hetty Rosenstein briefly subdued a big crowd of public employees with the personal story of how her late father’s pension, earned over decades as head librarian of the University of Medicine and Dentistry of New Jersey, saved her mother’s home. “She pays