As reported by NJSpotlight.com, a proposal to move some state and local employees to a new 401(k)-like pension system is gaining support because it has the potential to save billions of dollars. However, long before anything is adopted, it is likely to draw strenuous pushback from the public workers’ labor unions. The recommendation is
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
New York Governor David Patterson dropped a bombshell on two powerful unions yesterday when he unexpectedly vetoed a routine measure that for nearly thirty (30) years had allowed New York city cops and firefighters to retire with generous pensions.
“These are not routine times,” Paterson said in vetoing the “temporary” measure that, since 1981,