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Tag Archives: pension reform

Senator Sweeney Calls Christie’s Labor Negotiations Tactics into Question

Posted in Contract Negotiations, Interest Arbitration, Public Employment Labor Law, Retiree Benefits
As reported on the website, the New Jersey Politicker, Senator Sweeney recently questioned the labor negotiating tactics of New Jersey Governor Chris Christie.  Sweeney went on the record stating “When you hear [Governor Chris Christie] focusing on pension reforms and benefit costs, it got the attention of a lot of people nationally. But the reality is… Continue Reading

NJ Trooper Unions Sue Christie Over Shortchanged Pension Payment In Proposed Budget

Posted in Public Employment Labor Law, Retiree Benefits
As reported by NJ.com, a group of unions representing New Jersey State Troopers are the first to sue Governor Chris Christie to force him to make a larger payment to the State’s public-worker pension system in his latest state budget proposal.  Christie’s proposed budget, which covers the fiscal year that begins in July, includes a $1.3… Continue Reading

Police and Fire Benevolent Associations File Lawsuits To Mandate Funding

Posted in Public Employment Labor Law, Retiree Benefits
As reported by Politckernj.com, in the aftermath of Governor Chris Christie’s budget address, the leaders of the State’s Police and Fire Benevolent Associations announced their decision to file separate lawsuits aimed at making the Governor comply with the full funding of the public pensions.  Below, reprinted in its entirety, is a statement of explanation the… Continue Reading

NJ League of Municipalities Warns that Christie’s Proposed Pension Reform Could Disenfranchise Workers and Trigger a Mass Exodus of Local Employees

Posted in Contract Interpretation, Contract Negotiations, Interest Arbitration, Public Employment Labor Law, Retiree Benefits
As reported in NJ.Com, the New Jersey League of Municipalities stopped short of taking an official position on Gov. Chris Christie’s proposed pension reforms but stated the proposed changes could disenfranchise workers and trigger a mass exodus of local workers.  Executive Director Bill Dressel shared the league’s concerns in a letter to the governor late last… Continue Reading

Moody’s Downgrades New Jersey’s Credit Rating as a Result of Christie’s Illegal Pension Blunder

Posted in Contract Negotiations, Interest Arbitration, Public Employment Labor Law, Retiree Benefits
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 Service… Continue Reading

NJ Unions Deride Christie Pension Fix As ‘Deceptive,’ Say It ‘Punishes’ Healthy Funds

Posted in Retiree Benefits
As reported by NJ.com, just hours after Governor Chris Christie claimed he’d reached an “unprecedented accord with the New Jersey Education Association” that would “solve our long-term problems with the pension and health benefit systems,” the criticism poured in, from the NJLEA, from other union leaders and even a former New Jersey governor.  NJLEA President… Continue Reading

Christie Pension Commission Recommends Plan For Fewer Benefits

Posted in Retiree Benefits
As reported by NJ.com, Governor Chris Christie’s high-powered pension commission has proposed a sweeping plan that would save the State billions in retirement and health care costs while reducing benefits for hundreds of thousands of public workers.  The commissi0n says New Jersey needs to drastically change its pension and health plans.  Christie’s budget address will… Continue Reading

Did Governor Christie Ever Have Any Intention of Keeping His Promise to Fully Fund the Pension System?

Posted in Contract Interpretation, Public Employment Labor Law
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 Judge Mary… Continue Reading

Will New Jersey’s Pension Fund Run Dry in Four Years?

Posted in Retiree Benefits
As reported in NJ.COM, New Jersey’s unfunded public employee pension liabilities have soared to $83 billion, more than double previous estimates, as the state comes into compliance with new accounting rules, according to a report released today by Moody’s Investors Services,  a Wall Street ratings agency. Governor Chris Christie’s administration acknowledged the change in a… Continue Reading

Wieners Criticizes Christie On Pension Reform

Posted in Uncategorized
As reported on nj.com, the head of the State’s largest police union, The New Jersey State Policemen’s Benevolent Association, publicly criticized Governor Chris Christie in a press release over $50 million in what he called “pension giveaways” to local municipalities. The giveaways, State Policemen’s Benevolent Association head Anthony Wieners said were gained on the backs… Continue Reading

Democrats Pledge to Fund Pension System

Posted in Uncategorized
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… Continue Reading

NJ Pension Woes Worsen, Report Shows

Posted in Uncategorized
  As reported by nj.com, a new report shows the retirement funds for New Jersey State Troopers, local police, and firefighters and public workers lost ground in the first year workers were required to pay more toward their pensions. The State paid one-seventh of its contribution to the system in the fiscal year that ended… Continue Reading

NJ Supreme Court Rules Judges Don’t Have to Contribute More For Health Care and Pensions

Posted in Uncategorized
  As reported by nj.com, a divided State Supreme Court said judges and justices don’t have to chip in more for their pension and health benefits like other state workers because New Jersey’s Constitution prevents them from having their pay cut. The 3-2 decision drew swift responses from the leaders of New Jersey’s two other branches… Continue Reading

NJ Senate Committee Approves Measure Allowing Voters To Decide Judges’ Health, Pension Benefits

Posted in Uncategorized
  As reported by nj.com, the Senate Judiciary Committee has approved a measure that would let voters decide if judges should pay more for health and pension benefits.  The committee had planned to delay acting on the measure until the state Supreme Court rules on the matter, which is expected soon. Instead, the full Senate will… Continue Reading

Judge Upholds Suspension Of Pension Increases For NJ Public Employees

Posted in Uncategorized
  As reported by nj.com, hundreds of thousands of retired public employees are not entitled to cost-of-living adjustments, a Superior Court judge has ruled, upholding a segment of the new pension regulations that suspend the increases indefinitely. The ruling by Superior Court Judge Douglas Hurd affects all current and future retirees in pension systems funded… Continue Reading

NJ Judge Takes Pension Fight to NJ Supreme Court

Posted in Uncategorized
  As reported by nj.com, the question of whether Governor Chris Christie and the Legislature can order judges to pay 9 percent more toward their pensions is headed to the New Jersey Supreme Court. The justices will hear arguments today in a case brought by Superior Court Judge Paul DePascale of Hudson County. DePascale hopes to… Continue Reading

Pension Reform Lawsuit Dismissed

Posted in Uncategorized
  As reported by app.com, a federal lawsuit brought by New Jersey public employee unions, in an attempt to overturn last year’s pension and benefit reforms, has been dismissed. U.S. District Judge Anne E. Thompson ruled Monday that the issue is not under federal jurisdiction because of the 11th amendment to the U.S. Constitution, which courts… Continue Reading
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