New Jersey Public Safety Officers Law Blog

New Jersey
Public Safety Officers Law Blog

Dedicated to Corrections Officers, Policemen, & Firemen throughout the Garden State

Tag Archives: nj pensions

Sweeney Panel Proposes 401(k) Pension For Certain State, Local Workers

Posted in Public Employment Pension Crisis
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 to… Continue Reading

New York Governor Vetoes Routine Pension Measure

Posted in Pay and Overtime
  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, had… Continue Reading
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