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Court: New Jersey Must Make Full Contribution to Pension System

A New Jersey Superior Court judge on Monday ruled that Gov. Chris Christie acted outside the law when he cut state pension contributions by more than $2 billion through fiscal year 2015. Through FY 2015, the state’s scheduled pension contribution was $3.85 billion; but in an effort to divert funds to the general budget, Christie cut the pension payment ...
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Kansas Retirees Rally at Capitol Against Gov.’s Plan to Cut State Pension Contributions

Members of the Kansas Public Employee’s Retirement System (KPERS) gathered at the state capitol on Wednesday to rally against Gov. Sam Brownback’s plan to cut state contributions to the pension system. Kansas is facing a $340 million budget shortfall in fiscal year 2014-15. To address the shortfall, Brownback plans to slash state pension contributions ...
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New Jersey Lawyers: 2011 Pension Reforms Invalid, State Doesn’t Have to Contribute to Pension System

New Jersey’s lawyers argued in court yesterday that Chris Christie was acting legally when he cut the state’s pension contribution last year by over $1 billion. They argued that it didn’t matter that the state’s 2011 pension law – signed by Christie – mandated full pension payments from the state, because that law is unconstitutional. More ...
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Video: Chris Christie Talks New Jersey Pension System and Cutting the State’s Contribution

New Jersey Gov. Chris Christie gave an extended interview this week, during which he talked about his decision to cut the state’s pension contribution and paying off pension debt by increasing the tax on millionaires. The pension conversation starts just past the 18:00 mark.   Feature photo by Walter Burns [CC BY 2.0 (http://creativecommons.org/licenses/by/2.0)], ...
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Kansas Lawmakers React to Governor’s Plan to Cut State Pension Contribution

Earlier this month, Kansas Gov. Sam Brownback announced his plan to cut the state’s annual pension payment by around $60 million and use the money to plug budget shortfalls elsewhere. Several prominent lawmakers have now given their reactions to the proposal. From Salina.com: [Steven] Johnson, R-Assaria, who is chairman of the House Pensions and ...
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