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Public Safety Officers Law Blog

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Tag Archives: Christie

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

Crivelli & Barbati, L.L.C. Files Suit Against the State of NJ for Christie’s Refusal To Pay Step Increments

Posted in Contract Negotiations, Public Employment Labor Law
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 merited the… Continue Reading

NJ Pension Reform Fight Hits NJ Supreme Court

Posted in Uncategorized
As reported by NJ.com, nearly a year after Governor Chris Christie responded to a sudden budget crisis by slashing payments into the State pension system, New Jersey’s public labor unions will fight for their right to that money before the New Jersey Supreme Court on Wednesday.  A victory for the unions could send billions more… Continue Reading

NJ Pension Funds to Investigate the Payment of Exorbitant Management Fees

Posted in Public Employment Pension Crisis
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… Continue Reading

NJ Supreme Court Agrees To Hear Pension Payment Case

Posted in Public Employment Pension Crisis
As reported by NJ.com, the New Jersey Supreme Court agreed to decide whether Governor Chris Christie broke the law when he slashed $1.6 billion from this year’s payment into the public worker pension system.  Christie’s administration, which had previously indicated it would file in the Appellate Division, last week asked the Supreme Court to relax… Continue Reading

NJ Treasurer: Making Full Pension Payment Would Have ‘Incredible’ Impact On Residents

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 Court… Continue Reading

Lawmakers Take Aim At Christie Corporate Tax Breaks, Revenue Shortfalls

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… Continue Reading

Senator Sweeney is Correct–Christie Should Concentrate on Growing the State’s Economy as NJ’s Tax Revenue Recovery is One of The Poorest in The Nation

Posted in Contract Negotiations, Interest Arbitration, Public Employment Labor Law
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’ Pension System. … 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

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

Did Governor Christie Ever Have Any Intention of Keeping His Promise to Fully Fund the Pension System?

Posted in Contract Interpretation, Public Employment Labor Law
As reported on NJ.Com, The State of New Jersey argued before a State Superior Court Judge today that Governor Chris Christie cannot be forced to make full pension payments because the 2011 law committing him to fully fund the state system in exchange for union concessions was unconstitutional. Interrupting the assistant attorney general, Superior Court Judge Mary… 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

Wieners Criticizes Christie On Pension Reform

Posted in Uncategorized
As reported on nj.com, the head of the State’s largest police union, The New Jersey State Policemen’s Benevolent Association, publicly criticized Governor Chris Christie in a press release over $50 million in what he called “pension giveaways” to local municipalities. The giveaways, State Policemen’s Benevolent Association head Anthony Wieners said were gained on the backs… Continue Reading
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