TRENTON — A Wall Street rating agency called the U.S. Supreme Court’s decision not to hear an appeal on New Jersey’s pension contributions “credit positive” for the state. The Supreme Court late last month declined to review the case that pitted public labor unions against the Christie administration, which slashed billions of dollars in planned pension… Read the rest of this entry »
Posted: March 11th, 2016 | Author: Art Gallagher | Filed under: Pensions | Tags: NJ Pension Crisis, NJ Pensions and Benefits, SCOTUS, U.S. Supreme Court | Comments Off on U.S. Supreme Court staying out of pension fight is good for N.J., Moody’s says
TRENTON — New Jersey’s giant public worker pension system lost $2 billion in the fiscal year that ended in June as investment returns sagged to 4.16 percent, state investment officials said Wednesday. And the volatile stock market this summer brought an even bigger hit to pensions. The value of the fund was $79 billion at the… Read the rest of this entry »
Posted: September 24th, 2015 | Author: admin | Filed under: New Jersey, Pensions | Tags: NJ Pensions and Benefits | Comments Off on N.J. pension investments sag after years of double-digit returns
TRENTON — In two days, Gov. Chris Christie will go before the state Legislature and present a budget with repercussions for his own presidential ambitions and New Jersey’s financial fitness. Both are in the grips of ailing infrastructure and pension systems that are expected to dominate the upcoming budget process. Endorsing an unpopular gas tax increase… Read the rest of this entry »
Posted: February 22nd, 2015 | Author: admin | Filed under: Chris Christie, New Jersey, New Jersey State Budget | Tags: 2015 NJ Budget Address, 2016 Presidential politics, Chris Christie, NJ Pensions and Benefits, NJ State Budget, Transportation Trust Fund | Comments Off on Will Christie offer pension, transportation fixes in coming budget?
TRENTON — Some 800,000 people, working and retired, are beneficiaries of New Jersey’s pension system, a collection of funds going deeper into the red. It’s a system that Gov. Chris Christie, in his State of the State address last week, called “ an insatiable beast.” In boom years, New Jersey leaders shortchanged the pension system, and…
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Carl Golden In his 1922 epic poem “The Waste Land,” English poet, essayist, and playwright T. S. Eliot opened with the line “April is the cruelest month … ” For Gov. Christie, though, it’s October. This October. Consider: + For the first time in four years, more poll respondents hold an unfavorable view of him, 45…
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A statistic that is likely to become a favorite at Gov. Chris Christie’s town hall meetings comes courtesy of the New Jersey Pension and Health Benefit Study Commission, which yesterday reported that “each of the state’s 3.2 million households would have to…
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TRENTON — A Wall Street rating agency called the U.S. Supreme Court’s decision not to hear an appeal on New Jersey’s pension contributions “credit positive” for the state. The Supreme Court late last month declined to review the case that pitted public labor unions against the Christie administration, which slashed billions of dollars in planned pension… Read the rest of this entry »
TRENTON — Some 800,000 people, working and retired, are beneficiaries of New Jersey’s pension system, a collection of funds going deeper into the red. It’s a system that Gov. Chris Christie, in his State of the State address last week, called “ an insatiable beast.” In boom years, New Jersey leaders shortchanged the pension system, and… Read the rest of this entry »
Carl Golden In his 1922 epic poem “The Waste Land,” English poet, essayist, and playwright T. S. Eliot opened with the line “April is the cruelest month … ” For Gov. Christie, though, it’s October. This October. Consider: + For the first time in four years, more poll respondents hold an unfavorable view of him, 45… Read the rest of this entry »