The state Legislature passed legislation Monday handing control of the pension fund for New Jersey’s police and firefighters over to its members. But it’s uncertain whether the governor will sign the bill as is. Gov. Phil Murphy, a Democrat, has concerns over the Democrat-backed bill that would spin off police and firefighter pensions from the broader… Read the rest of this entry »Posted: March 28th, 2018 | Author: admin | Filed under: New Jersey, Pensions, Phil Murphy | Tags: Governor Phil Murphy, New Jersey, NJ Pension Crisis, NJ Pensions, NJ Police and Fire Unions | Comments Off on Will Phil Murphy veto giving police and fire unions control of their pensions?
Senate President Stephen Sweeney (D-Gloucester) was supported by advocates for seniors and the disabled as well as union and construction representatives. With the deadline for final legislative approval of a proposed constitutional amendment to boost public-employee pension funding now just days away, it appears more likely than ever that it will not be put before voters… Read the rest of this entry »Posted: August 5th, 2016 | Author: admin | Filed under: New Jersey, News | Tags: Constitutional Amendment, news, NJ Pensions, Senate President Steve Sweeney | Comments Off on Guaranteed Funding for State Pensions Probably Won’t Make Ballot
New Jersey’s public employees were paid about $26.7 billion last year — $360 million more than in 2012. State taxpayers funded the positions of an additional 1,409 workers last year — an increase of 1.3 percent, according to a report by the Asbury…
admin | Filed under: Chris Christie, Christie Administration, New Jersey State Budget | Tags: Christie Administration, Governor Chris Chirste, NJ Pensions, NJ Public Employees | Comments Off on Pay for NJ public employees climbed $360M in 2013, report says
TRENTON — Gov. Chris Christie today announced plans to reduce two key payments scheduled for the state’s pension system for public workers — an emergency move that could trigger lawsuits and further downgrades of the state’s credit rating but solves…
admin | Filed under: Chris Christie, Christie Administration, New Jersey State Budget | Tags: Governor Chris Christie, NJ Pensions, NJ State Budget Deficit | Comments Off on Chris Christie to reduce pension payments to fill $800M NJ budget gap
LONG HILL — The day after his budget address, an upbeat Gov. Chris Christie returned to a message that has worked for him in the past: State finances are in trouble and only he can help. The Republican governor urged Democrats in the state Legislature…
admin | Filed under: Chris Christie, Christie Administration, New Jersey State Budget, NJ State Legislature, Pensions | Tags: Chris Christie, Long Hill Town Hall, Morris County, NJ Pensions, Pension and Benefit Reform | 3 Comments »
By Art Gallagher
The Record is reporting that even after New Jersey’s pension system has been reformed that employees of the NJ League of Municipalities, the NJ School Boards Association and the NJ Association of Counties are eligible to collect state pensions.
As of 2009, retirees of those lobbying groups were collecting pension of $1.3 million annually, according to The Record.
Senate President Steve Sweeney and Assembly Speaker Sheila Oliver say they are working on the problem.Posted: August 10th, 2011 | Author: Art Gallagher | Filed under: Pensions | Tags: NJ Pensions | 1 Comment »