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Union Leaders React to Christie Reform Proposals

Last week, New Jersey Gov. Chris Christie unveiled a series of pension proposals that include freezing the current pension system for active employees and shifting them into a hybrid cash balance plan. Throughout the week, union leaders publicly expressed their thoughts on the proposals. Public safety unions weighed in, from NJ.com: Patrick Colligan, ...
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New Jersey Pension Commission Release Report; Proposal Would Bring Savings to State, Cuts to Workers

New Jersey Gov. Chris Christie unveiled a series of pension reform proposals at his budget address yesterday. But he’s taking his cues from a just-released report from his pension commission, which he set up in the summer of 2014. Christie acknowledged in mid-2014 that future pension changes would likely mean benefit cuts for workers. Now, we are ...
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New Jersey Lawmakers Warn of “Devastating” Budget Cuts in Wake of Court Pension Decision

A New Jersey Superior Court judge ruled this week that the state acted illegally when it cut its contribution to the state pension system in 2014. If the state’s appeal of the ruling fails, it will have to come up with an additional $1.57 billion in 2015 in order to make its full payment to the pension system. That money isn’t yet budgeted for ...
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Former NJ Official: Christie Used Misdirection on Pension Payments in State of State Address

During his State of the State address last month, New Jersey Gov. Chris Christie made a few remarks defending himself against accusations of short-changing the state’s pension system. He claimed that he had contributed more to the pension system than any governor in New Jersey history. That’s not a false statement. But it also doesn’t tell the ...
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Judge in New Jersey Pension Trial Calls State Pension Contributions a “False Promise”

The judge presiding over the legal battle between New Jersey and its public workers said last week that the state’s 2011 pension reform law was a “false promise”. The law required the state to contribute a set amount of money annually to the pension system. But Christie slashed those payments last year. The judge, Mary Jacobson, wondered why ...
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Top Police Union Official Says Christie Used “Bait and Switch” on Pensions

The New Jersey Police Benevolent Association is one of the dozen unions that filed a lawsuit against the state when Chris Christie opted to cut the state’s pension contributions by over $2 billion in 2014 and 2015. And while lawyers are arguing the case in the courtroom, NJPBA president Patrick Culligan made his case in a letter to members this week, ...
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Judge Hears More Arguments Thursday In Fight Over New Jersey Pension Payment Cuts

A Superior Court judge on Thursday will hear the latest round of arguments in the battle between New Jersey and public-employee unions. The unions are suing the state after Chris Christie cut the state’s pension contribution by nearly $1.5 billion and used the money to over shortfalls in the general budget. From NorthJersey.com: If Judge Mary Jacobson ...
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Christie Mum on Pension Specifics During “State of the State” Address

New Jersey Gov. Chris Christie announced this summer that another round of pension reforms would be coming to the state, and he all but promised that benefit cuts would be part of the deal. But details have been sparse since then. It was thought Christie might use his “State of the State” speech to unveil a few more details about what’s coming ...
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Stakeholders Listening for Hints on Pension Reform in Chris Christie’s Annual Address

Chris Christie will deliver New Jersey’s “State of the State” address on Tuesday. The question on the minds of lawmakers, labor leaders and public workers is: how much will he reveal about his plans for reforming the state’s pension system? Christie indicated over the summer that a new round of pension reforms are necessary, and they would ...
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Pension Funding May Be First Fight of 2015 for New Jersey Lawmakers

At some point in 2015, pension reform will become a hot topic in the New Jersey Legislature. The only question is when the battle will heat up. From the looks of things, the fight over pension reform could begin sooner than later. From New Jersey 101.5: Funding New Jersey’s public employees’ pension system could be the first major fight in 2015 ...
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