Category: Pensions

Schepisi expresses “sheer disappointment” with Christie as he leaves office

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

Local governments could “weaken” if this property tax law dies, ratings agency says

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

N.J. Government: Worse than the mob not just in terms of scale, but also ’cause it’s all perfectly legal

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

Some N.J. politicians may soon get bigger pensions

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