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pension reform

Budget Address
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State pensions – NJ Treasurer says full funding would be ‘irresponsible’

New Jersey's state treasurer says it would "irresponsible" for Gov. Christie to make the full, legally-required contribution of $3 million to the public employee pension fund, even though a judge has now ruled he should.

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Moody's calls the NJ pension decision a negative development. (Scott Eells/Bloomberg/Getty Images)
Moody's calls the NJ pension decision a negative development. (Scott Eells/Bloomberg/Getty Images)
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Moody’s calls pension decision a negative development

TRENTON, N.J. (AP) -- A credit rating agency says a judge's ruling this week that Gov. Chris Christie and lawmakers must work together to pay more into public-sector pensions is a negative development.

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Gov. Chris Christie speaks during the February edition of Ask The Governor on NJ 101.5.
Gov. Chris Christie speaks during the February edition of Ask The Governor on NJ 101.5.
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Christie’s NJEA outreach aims at achieving pension, benefits reform

New Jersey Gov. Chris Christie is expressing optimism about overhauling the state's public sector worker pension and health benefit systems -- and working with an old adversary to get it done.

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Gov. Chris Christie, with Eric Scott (right), during Wednesday night's "Ask the Governor" on New Jersey 101.5. (Kira Buxton, Townsquare Media)
Gov. Chris Christie, with Eric Scott (right), during Wednesday night's "Ask the Governor" on New Jersey 101.5. (Kira Buxton, Townsquare Media)
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Gov. Christie says he and NJEA are ‘getting closer’ to pension accord

Gov. Chris Christie said last night that he and the New Jersey Education Association are “getting closer” to a mutually acceptable "roadmap" toward a new approach to pensions for the state’s teachers - one that could become a model for other state worker unions.

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Gov. Christie, Sen. Pres. Sweeney, and kids
Governor's Office, Tim Larsen
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Pension battle boils again

If Gov. Chris Christie wanted a good fight, he sure has one over pension reforms.

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Gov. Chris Christie delivers his budget address
Gov. Chris Christie (Jeff Zelevansky/Getty Images)
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Christie pension commission warns of shortfalls

TRENTON, N.J. (AP) -- A commission convened by Gov. Chris Christie to look into the health benefits and pension liabilities for public employees reported Thursday that the costs threaten to put a $90 billion drain on New Jersey's future state budgets.

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NJ Senate President Steve Sweeney
State Sen. Pres. Steve Sweeney (David Matthau, Townsquare Media NJ)
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Politics at play in NJ’s latest pension reform push

In 2011, State Sen. President Steve Sweeney (D-West Deptford) partnered with Gov. Chris Christie to usher through historic reforms to the public workers' pension and health benefits system. The political landscape in New Jersey has changed dramatically over the last three years. The governor is calling for more reforms, but Sweeney won't be in Christie's corner this time.

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Gov. Chris Christie
Scott Olson, Getty Images
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Christie stressing pension reform and transportation funding

As the New Jersey Legislature prepares to return to work, Gov. Chris Christie is fixing his sights on two major issues - pension and benefits reforms for public sector workers and finding a dedicated funding source for the Transportation Trust Fund.

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Governor Christie hosts a town hall in Belmar (Townsquare Media)
Governor Christie hosts a town hall in Belmar (Townsquare Media)
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Do you support Gov. Christie’s pension ‘reforms?’

It’s’ got to be a kick in the stomach to learn that, if you’re in the state retirement system and banking on a certain amount of money upon retirement – it may not be there.

Borrowing from the fund, not paying it back in past administrations makes the guy in charge have to, in his words, “clean up this mess!”

Which means you may not be getting the sum you’re banking on

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CWA Protest
CWA Protest in Trenton on June 12, 2014 (Kevin McArdle, Townsquare Media NJ)
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Unions update lawsuits over NJ pensions

A group of public workers unions have revised their lawsuits aimed at trying to compel New Jersey Gov. Chris Christie to put pay more into pension funds.

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