As reported by nj.com, Governor Chris Christie challenged lawmakers last May to pass a series of bills he said would lower property taxes, but a year later, with only some of the reforms enacted, property taxes are up $1 billion. Depending on who’s talking, the impasse on Christie’s reform package, what he calls the
New Jersey Legislature
Will New Jersey Public Employees Collect Their Pension Benefits?
By Frank Crivelli on
Posted in Retiree Benefits
The Asbury Park Press published an article in today’s Sunday edition addressing the ability of The State of New Jersey to honor its pension obligations to those public employees that have been paying into the retirement system since the start of their public employment . The article, entitled "Can New Jersey Keep its Pension Promises?"…
Pension and Health Benefits Reform Introduced by Assembly
By Donald Barbati on
Posted in Contract Negotiations
On Thursday, February 25, 2010, Assembly Speaker Sheila Oliver and Assembly Republican Leader Alex DeCroce announced bipartisan Assembly legislation to reform public worker pensions and health benefits has been introduced.
They also said additional legislation to target pension and benefit reforms at state authorities and agencies and to close a loophole that allows public employees…