Category: Public Employees

JOBS REPORT: N.J. workforce still hasn’t recovered from the Great Recession

MORRISTOWN, N.J. – The Murphy Administration released new jobs numbers this week and the news is bleak.  In September 2019, the state experienced a net job loss of 200 positions. Meanwhile, the overall U.S. economy added 135,000 new jobs in Read More

New Jersey 2023: Legacy costs, debt service will eat 26% of state revenues

TRENTON, N.J. – Moody’s issued a stark warning on Monday evening about the scope of New Jersey’s public debt/pension crisis, one which has earned its pension system the dubious distinct of being among the nation’s least stable. By 2023? 26% Read More

N.J. public employees convicted of domestic violence don’t forfeit their pensions

TRENTON, N.J. – It may seem like a small issue in light of the New Jersey pension system’s massive problems, but one legislator finds it galling that a public employee convicted of domestic violence does not automatically forfeit his or Read More

Actuary legislator warns: New Jersey’s pension system is “real close” to being too far gone

TRENTON, N.J. – New Jersey’s basket case of a pension system is in bad enough shape without help from the Murphy Administration. This week, we found out that the system returned just 6.27% rather than the 7.5% projected as of Read More

TK2 says Murphy’s new healthcare savings are “modest,” pushes for larger overhaul

TRENTON, N.J. — Governor Phil Murphy and the public sector unions were crowing a bit on Monday after announcing modest reforms to the public employee health care system, changes expected to generate somewhere around $500 million in savings over two Read More

VIDEO: O’Scanlon’s plea to save the arb cap falls on deaf ears

Assemblyman Declan O’Scanlon (R-13), who’s about to become state Senator O’Scanlon (he was elected to replace the retiring Joe Kyrillos), took to the Assembly floor on Monday night as the final legislative session before Trenton’s biannual turnover to deliver a final 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