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 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

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

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

 A recent editorial published on NJ.Com calls for Assembly Speaker, Vincent Prieto (D-Hudson County) to renew the two percent (2%) salary cap on interest arbitration awards for law enforcement officers and firefighters that is set to expire on April 1, 2014.

 
The editorial stated that the 2% cap had to be put in place

As reported by nj.com, New Jersey lawmakers voted to enact a sweeping plan to cut public worker benefits after a long day of high-pitched political drama in the streets of Trenton and behind closed doors. Union members chanted outside the Statehouse and in the Assembly balcony, and dissident Democrats tried to stall with

As reported by nj.com, irate public employees converged on the Statehouse by the thousands Thursday touting horns, carrying signs, and disrupting a Senate hearing, but the show of force failed to break a legislative agreement overhauling their state health and pension benefits. Union members gathered at the Statehouse steps and clogged a Senate hearing

As reported by nj.com, rank-and-file Democrats are lining up to take the microphone at a steadily growing union rally outside the Statehouse today, vowing to cast no votes on a bill that would overhaul pension and benefits for teachers, cops, firefighters, and others.

Assemblymen Wayne DeAngelo, Daniel Benson, Patrick Diegnan, Reed Gusciora, Vincent