By The Staff _ A Thursday announcement by Acting State Treasurer Elizabeth Maher Muoio is raising eyebrows in Trenton, Save Jerseyans. “We are moving in a direction that is consistent with not only the advice of actuarial experts, but also the Read More
Chris Christie signed a slew of bills on Monday, his final full day in office, but one of the many bills he failed to sign (called a “pocket veto”) drew the ire of a veterans Republican legislator. “Today, I feel Read More
The notorious “special legislation” bill designed to pad the pensions of a handful of New Jersey elected officials – including Camden’s newly-former Mayor Dana Redd – reached the required number of votes for Assembly passage on Monday by one vote, Read More
Counties and municipalities will feel a budget crunch if the state Legislature doesn’t renew a 2 percent cap on the salaries police and firefighters can win through arbitration, a Wall Street Rating agency warned Wednesday. Echoing local government officials who’ve Read More
A controversial bill that would give bigger pensions to some New Jersey elected officials — most notably outgoing Camden Mayor Dana Redd — continued to speed through the state Legislature on Monday …
When N.J. Senate Democrats quietly rammed through legislation this week awarding a VERY small group of elected officials reentry into New Jersey’s weakest-in-the-country pension system, Senate President Steve Sweeney (D-3) offered little more than a verbal shrug. “If you tell Read More
State lawmakers have resurrected controversial legislation that would allow some elected officials in New Jersey — like the well-connected outgoing mayor of Camden — to collect larger pensions. And it’s being fast-tracked in the state Legislature’s lame-duck session before a Read More
With a new governor preparing to take office, Gov. Chris Christie‘s special commission on public pensions and health benefits on Wednesday issued its final, stern warning: only swift and broad reforms stand a chance of rescuing a system in crisis.
There was a bit of bright news Wednesday for New Jersey’s troubled public employee pension fund. State officials disclosed the fund held $76.3 billion in assets at the end of the October, its highest value in over two years.