As reported by Politickernj.com, after the New Jersey Supreme Court announced it would hear a case from Governor Chris Christie’s administration over the State’s decision to cut $1.6 billion from this year’s slated payment for the public pension and benefit, it drew a somewhat muted reaction from one union leader who has vocally opposed
NJ pension system
OLS: Christie Cannot Invoke “State of Emergency” To Cut Pensions
As reported by njspotlight.com, despite his threat to take “extreme measures” to control rising pension costs, Governor Chris Christie does not have the power to declare a fiscal “state of emergency” to make unilateral changes to the pension system, nor does New Jersey have the ability, like Detroit, to declare bankruptcy to get out from…
Democrats Pledge to Fund Pension System
Today, February 25, 2014, Governor Chris Christie is set to propose a new state budget. In a press release yesterday, State Democrats warned the Governor that he shouldn’t expect support for a proposed tax cut.
State Senate President Stephen Sweeney (D-Gloucester) and Senate Budget Committee Chairman Paul Sarlo (D-Bergen) also repeated that the spending plan…
NJ Republican Propose Pension Reform Legislation
As reported by nj.com on February 8, 2011, Governor Christie’s plan to drastically change the State’s troubled pension system was introduced by Republican lawmakers on February 7, 2011, but Democrats who control the Legislature indicated they will push their own plan instead.
Assemblymen Declan O’Scanlon and Gary Chiusano sponsored Christie’s proposals in …