O’Scanlon: “Without reforms, New Jersey faces a bleak fiscal future”

New Jersey voters will not get to vote on a constitutional amendment requiring specific payments to the underfunded public employee pension system in November.  Despite, or perhaps because of, the NJEA’s threat to withhold campaign contributions to Democrats unless the state Senate voted to put the measure on the ballot, Senate President Steve Sweeney did not post the resolution for a vote and the deadline to make the ballot passed yesterday.

Assemblyman Declan O’Scanlon, the Republican Budget Officer in the lower house and a representative of the 13th legislative district (northern Monmouth County) issued the following statement regarding New Jersey’s ongoing fiscal crisis:

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More unions ask U.S. Supreme Court to hear pension payment case

TRENTON — Another 16 New Jersey public worker unions are asking the U.S. Supreme Court to consider whether the state’s highest court erred by declaring a pension funding agreement between the state and employees unenforceable. In a petition filed with the U.S. Supreme Court, lawyers for 16 labor groups — including the New Jersey Education Association,… Read the rest of this entry »

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A reform plan to solve teachers’ pension problem once and for all | Opinion

By Jack Ciattarelli For decades, Trenton politicians from both parties have shied away from providing real long-term solutions. We can’t afford to wait any longer. Why are pension systems for municipal and county employees, as well as the Police and Firemen’s Retirement System, all solvent? Because the employer pension contributions to these systems are funded by… Read the rest of this entry »

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