This is a very interesting article regarding how Governor Christie employed some "fuzzy math" to reduce the State’s legally mandated pension payment. NJSPOTLIGHT
public employee pension systems
Democrats Pledge to Fund Pension System
By Donald Barbati on
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…
Cincinnati Pension Referendum Seeks to Eliminate Public Employee Pension System
By Donald Barbati on
Posted in Uncategorized
As reported by Cincinnati.com, there is currently a bill up for referendum tomorrow that will eliminate the public employee pension system and replace the same with a 401(k) style plan. The current situation in Cincinnati is similar to here in New Jersey, wherein the pension system is running an extremely high, unfunded liability. …