As reported in NJ.Com, Judge Jacobson’s ruling this week that public worker pension contributions are contractually protected will constrict the state’s ability to balance its budget in the future, Moody’s, a Wall Street rating agency, said today. The flexibility of the state’s pension payment has been “a tool essential” to balancing the budget, Moody’s Investors
NJ Public Employees
Is Your Labor Union Leaving Money at The Bargaining Table?
As many of our readers are aware, collective bargaining for New Jersey Public Safety Officers is a great deal different since the two percent “2%” salary cap was instituted and set into motion. However, to recap this issue quickly for those readers that may be unfamiliar with the two percent (2%) salary cap, no collective…
Did Governor Christie Ever Have Any Intention of Keeping His Promise to Fully Fund the Pension System?
By Frank M. Crivelli on
As reported on NJ.Com, The State of New Jersey argued before a State Superior Court Judge today that Governor Chris Christie cannot be forced to make full pension payments because the 2011 law committing him to fully fund the state system in exchange for union concessions was unconstitutional.
Interrupting the assistant attorney general, Superior Court…
Open Letter from NJ State PBA President Patrick Colligan on the Recent Unrest Against Police
By Frank M. Crivelli on
Posted in Uncategorized
Given the unrest that has erupted throughout our country in response to two Grand Jury decisions that failed to return True Bill’s of Indictment, we came across this letter from PBA President Patrick Colligan that offers an opinion from the perspective of a law enforcement officer. Given our audience is New Jersey Public Safety Officers…
Christie Administration: NJ Revenue Falling; Costs Rising in State
By Donald C. Barbati on
Posted in Uncategorized
As reported by nj.com, the Christie administration has advised Wall Street that the State’s share of unemployment and Medicaid costs are expected to rise above expectations against a backdrop of lagging revenue collections, according to an amended report filed Monday. The State also warned Wall Street that the combination of rising costs and slumping …
Bill To End Sick Leave Payouts For Public Employees Proposed By Sweeney
By Donald C. Barbati on
Posted in Uncategorized
As reported by nj.com, for 14 months, Governor Chris Christie and Democratic lawmakers have been at an impasse over payouts to public workers for unused sick time when they retire, further straining the budgets of municipalities. On Tuesday, however, Senate President Stephen Sweeney introduced a measure that would end the practice for new employees …
State’s Failure To Make Full Pension Payments Hinders Fund
By Donald C. Barbati on
Posted in Uncategorized
As reported by nj.com, public pension funds may have gotten a much-needed boost from Governor Chris Christie’s landmark overhaul last year, but reports released show the funds continue to be hampered by the State’s failure to make full payments into the plans.
Christie and Democratic leaders joined together last year and shifted …
NJ Lawmakers Asks For Gov. Christie To Compromise On Sick-Leave Payouts For Public Employees
By Donald C. Barbati on
Posted in Uncategorized
As reported by nj.com, the sponsor of a bill to end five and six figure sick-leave payouts for retiring public employees in New Jersey is calling on Governor Chris Christie to sign compromise legislation.
Senator Paul Sarlo of Bergen County told The Associated Press the Governor is holding up the bill over a …
NJ Has Lowest Number of Public Workers In Eight Years
By Donald C. Barbati on
Posted in Uncategorized
As reported by nj.com, with a flood of retirements, the sluggish economy, and a governor intent on shrinking the size of government, the number of public workers in New Jersey has dropped to its lowest level in eight years, a Star-Ledger analysis shows. New Jersey shed about 29,100 state and local government jobs …
Gov. Christie Signs NJ Public Worker Pension and Healthcare Overhaul Bill
By Donald C. Barbati on
Posted in Uncategorized
As reported by nj.com, Governor Chris Christie signed into law controversial legislation that will force public employees to pay more for their pension and health insurance. Christie, who signed the bill flanked by a bipartisan cast of mayors, said passage of the bill is his biggest legislative victory since taking office.
“It is an …