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, 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 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 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 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
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
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