As reported by NJ.com, Governor Chris Christie and New Jersey’s public employee unions will be back in Court in May in a dispute over the Governor’s planned payment into the State pension system next year. More than a dozen unions have sued the Governor to force him to more than double the $1.3 billion
NJ Pension Crisis
Pension Gap Drops NJ’s Bond Ratings
By Donald C. Barbati on
Posted in Public Employment Labor Law
As reported by app.com, New Jersey’s credit rating was downgraded by a major Wall Street rating agency, whose concerns over state debt and obligations for public retirees’ benefits now mean higher costs for the state to borrow money. Standard & Poor’s moved New Jersey’s bond rating down a notch to its fourth highest …