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
pension contributions
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 Supreme Court Won’t Rush To Hear Judge’s Challenge of Pension Overhaul
By Donald C. Barbati on
Posted in Uncategorized
As reported by nj.com, a Superior Court judge challenging the increased payments judges must make under newly-enacted changes to public worker health and pension benefit plans will not be allowed to have his case directly sent to the New Jersey Supreme Court. In a two-paragraph order issued yesterday, Supreme Court Justice Virginia …
Pensions To Strain New Jersey Revenues
By Donald C. Barbati on
Posted in Uncategorized
As reported by mycentraljersey.com, New Jersey’s new pension reform will save state and local governments millions of dollars now and billions of dollars over the ensuing decades. But then there is the hard part: actually paying the pension contributions for nearly 800,000 state government employees and retirees. Although New Jersey will have to pay less …