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N.J. Democrats need to show us the pension money, Bramnick says

Assembly Minority Leader Jon Bramnick. MMM file photo

Assembly Minority Leader Jon Bramnick. MMM file photo

UNION TOWNSHIP — Assembly Minority Leader Jon Bramnick on Tuesday said Democratic legislative leaders shouldn’t side with unions in asking the courts to order the restoration of $1.6 billion in state pension payments cut by Gov. Chris Christie. They should come up with the money themselves. “I think it’s simple: I just don’t think that we…

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Posted: April 21st, 2015 | Author: | Filed under: 2015 Legislative Races, Assembly Republicans, Jon Bramnick, New Jersey, New Jersey State Budget | Tags: , , , , , | 2 Comments »

2 Comments on “N.J. Democrats need to show us the pension money, Bramnick says”

  1. Jimmy James said at 7:02 am on April 22nd, 2015:

    If the Democratic leadership supports the payment of 1.6 billion I would love to see a realistic approach as how to pay for it.

    In NJ, history has shown that all “temporary” taxes always become permanent.

    If anyone is delusional enough to think that raising the tax on the “wealthy” will cover anything they are in need of medication.

    Is this the same tax on the rich that they claim will fund the Transportation Trust fund?

    Is this the same “corporate welfare that they also claim will fund every other shortfall in the state budget?

    Of course it is.

    If you think the exodus of business from the state has increased, just wait for an increase in business taxes at a time when NJ is ranked at the bottom of all states as a place friendly to business.

    I recently created an “S” corporation, and did it in Delaware. DO you have any idea of how much I will save over the next few years?

    Enough to fund my new residence that will be in another state.

  2. Tom Stokes said at 5:01 pm on April 22nd, 2015:

    Some suggestions:

    1. The amount an employee contributes to the pensions system needs to be raised to 10% of income.

    2. Double dipping must end – no more police (or others) retiring and going into PERS or other state pension plans.

    3. All must work a longer time frame to earn their pension; too many of them leave on an early retirement pension and go to work somewhere else with the state picking up their health plans well before they are eligible for Medicare (perhaps provide health benefits in retirement only when eligible for Medicare).

    4. Cap all pensions at no more than $5,000 a month (or at least protect pensions up to that amount).

    5. The state must make its required contributions; if the governor thinks the law he signed was unconstitutional, then he should not have signed it. I hate to say this, but he is definitely not looking good at this point.