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.
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.
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.
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.
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.
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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