Contact Us
Make My Homepage

Pension Reforms Paying Off, Says Governor Christie

David Matthau, Townsquare Media NJ

Governor Christie says the bipartisan pension and benefit reforms signed into law last year are already helping Jersey residents.

During his latest town hall meeting today in West Milford, Christie told an overflow crowd of several hundred people “just this year alone across the state – if we had not done the reforms, property taxes would be 241 million dollars higher…and we’re announcing 116 million dollars today –in additional savings – to local governments statewide.”

Pension contributions paid by local governments and funded by local property taxpayers are falling by 116 million dollars, with over43 million in local government savings coming from the Police and Firemen’s Retirement Systems, and over $72 million coming from the Public Employees’ Retirement System.

The Governor told the crowd “our willingness to make the tough choices and achieve progress on meaningful reforms in a bipartisan way is continuing to deliver millions in long-term, sustainable property tax relief for our middle-class families, our commitment to New Jersey taxpayers is to continue down the path of commonsense reforms that bring down the cost of government while providing tax relief.”

The Governor’s office says savings breakdowns of the 116 million can be accessed on the Department of Treasury’s website for both PERS and PFRS:

Best of NJ101.5

Recommended For You

Best of the Web

Leave a Comment

It appears that you already have an account created within our VIP network of sites on . To keep your personal information safe, we need to verify that it's really you. To activate your account, please confirm your password. When you have confirmed your password, you will be able to log in through Facebook on both sites.

Forgot your password?

*Please note that your prizes and activities will not be shared between programs within our VIP network.

It appears that you already have an account on this site associated with . To connect your existing account just click on the account activation button below. You will maintain your existing VIP profile. After you do this, you will be able to always log in to using your original account information.

*Please note that your prizes and activities will not be shared between programs within our VIP network.

Please fill out the information below to help us provide you a better experience.

(Forgot your password?)

Not a member? Sign up here

Sign up for New Jersey Insiders quickly by connecting your Facebook account. It's just as secure and no password to remember!

Sign up to have exclusive New Jersey Insiders contests, events, coupons, presales, and much more delivered to you for FREE.