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
2011 pension reform
NJ Treasurer: Making Full Pension Payment Would Have ‘Incredible’ Impact On Residents
By Donald C. Barbati on
Posted in Public Employment Pension Crisis
As reported by NJ.com, Governor Chris Christie’s treasurer said that the administration has reached out to lawmakers to comply with a judge’s order to work together to restore $1.6 billion to this year’s pension payment, but stressed that actually doing that would mean lots of budget pain for New Jersey residents. A State Superior…
Lawmakers Take Aim At Christie Corporate Tax Breaks, Revenue Shortfalls
By Donald C. Barbati on
Posted in Public Employment Pension Crisis
To follow up on of one our previous posts, NJ.com has reported that the New Jersey Assembly passed several bills yesterday to combat the revenue shortfalls plaguing the State’s finances and scrutinize corporate tax breaks. The legislation would force the Governor to collaborate on revenue forecasts and plan for shortfalls, clearly identify any new source…
Christie Taking Pension Appeal To Appellate Division
By Donald C. Barbati on
Posted in Retiree Benefits
As reported by NJ.com, Governor Chris Christie’s administration has filed a formal notice that it will appeal a Court ruling that it broke the law by slashing this year’s payment into New Jersey’s public worker pension system. A State Superior Court Judge sided with public unions who sued Governor Christie to force him to…