Yesterday, NJ.COM reported that Governor Christie was prepared to roll out sweeping pension legislation that would overhaul the way in which teacher pensions would be funded in the State of New Jersey. Presently, teachers pensions in the State of New Jersey are funded by the State and not the School District or Municipality that employs
Public Employment Labor Law
NJ Pension Funds to Investigate the Payment of Exorbitant Management Fees
By Frank M. Crivelli on
Posted in Public Employment Pension Crisis
As reported in NJ.Com, The Boards of Trustees of New Jersey’s largest pension funds plan to launch a probe into how the state awards fees incurred in managing pension fund investments. The Public Employees Retirement System Board of Trustees voted to conduct a forensic audit of the fund’s expenses, following a similar vote by the…
Senator Sweeney is Correct–Christie Should Concentrate on Growing the State’s Economy as NJ’s Tax Revenue Recovery is One of The Poorest in The Nation
On March 11, 2015, we posted a blog wherein Senator Sweeney stated that Governor Christie needed to change his tactics at the bargaining table regarding pension reform and if he instead concentrated on “growing” New Jersey’s economy, additional tax revenue would be created that would result in more money to fund the Public Employees’…
Morris County Freeholders Reject Sheriff’s Officers’ Bargaining Agreement That Was Negotiated and Signed by The Sherriff
As reported in the North Jersey News Publication, The Daily Record, Morris County Sheriff Edward V. Rochford has formally been advised by the freeholders and county administrator that a labor contract he privately negotiated with the Morris County Sheriff’s Officer’s union that provides a 20 percent (20%) increase in salaries over three years —…
Memphis’s Pension Crisis is Now a Public Safety Crisis–Will New Jersey Repeat the River City’s Mistakes?
Yesterday, I received an email from one of our readers, Ed Mecka, from Hoboken, New Jersey, who turned me on to an article regarding the pension crisis that is taking place in Memphis, Tennessee. The crisis in Memphis has caught the national media’s attention, and an article was printed in the Wall Street Journal a…
Senator Sweeney Calls Christie’s Labor Negotiations Tactics into Question
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…
Pemberton Township Considers Hiring a Civilian Police Director to Run its Force
By Frank M. Crivelli on
As reported in the Burlington County Times, a controversial ordinance to revise the local code to create a Civilian Police Director’s position has been put on hold. The Pemberton Township Council voted unanimously Wednesday night to table a vote on the ordinance and create a subcommittee to research and review the position of Civilian Police…
NJ League of Municipalities Warns that Christie’s Proposed Pension Reform Could Disenfranchise Workers and Trigger a Mass Exodus of Local Employees
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…
Moody’s Downgrades New Jersey’s Credit Rating as a Result of Christie’s Illegal Pension Blunder
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…
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…