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New Jersey Statehouse
New Jersey Statehouse (VisionsofAmerica/Joe Sohm, Getty Images)
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Gov. Christie: Make $2.25 Billion Pension Payment

Gov. Chris Christie will seek a $2.25 billion payment to the state pension system when he issues his proposed state budget at 2 p.m. today. This according to the following excerpts released at 6 a.m. this morning.

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Steve Malanga discusses the Common Sense Institute of NJ Pension Study. (Photo by David Matthau, Townsquare Media)
Steve Malanga discusses the Common Sense Institute of NJ Pension Study. (Photo by David Matthau, Townsquare Media)
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NJ Pension Woes Persist [AUDIO]

A new Common Sense Institute of New Jersey pension study finds the state is doing a better job of making payments into the pension system, but those will have to increased by billions of dollars over the next few years to prevent the system from falling into further debt, and no one knows where that money will come from.

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Steve Sweeney and Chris Christie
Steve Sweeney and Chris Christie (Governor's Office/Tim Larsen)
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NJ Sen Prez Threatens Government Shut down [AUDIO]

This year could see a repeat of 2006 when New Jersey's state government operations shut down because a budget deal wasn't reached by the constitutionally mandated midnight June 30 deadline.

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judges gavel
Joe Raedle, Getty Images
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Lawyers Argue over State Pension Increases

Lawyers for retired New Jersey public employees made their pitch to a three-judge appeals panel Tuesday that the state government broke the law when it took away pensioners' automatic cost-of-living increases in 2011.

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Category: Latest News, New Jersey Tags:
Money
Flickr User Keith Ramsey
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NJ Pension System Underfunded by $172 Billion [AUDIO]

The pension system for New Jersey's public employees is dramatically underfunded.  A new study released by State Budget Solutions reveals New Jersey's pension plan is currently funded at just 33 percent.

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Do you have a prison record and can't get a job?
Flickr User mikecogh
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NJ Senators Aim to Ensure Prisoners Don’t Collect Unemployment [AUDIO]

Late last month, State Comptroller Matt Boxer released an audit that identified more than $23 million in benefit payments made to or on behalf of prison inmates who did not appear to be entitled to such payments.

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Flickr User Miss_Millions
Flickr User Miss_Millions
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Your Tax Dollars Going to Prison Inmates for Government Benefits [AUDIO]

Just when you thought you've already heard every conceivable way the state can abuse your tax dollars comes a new audit from the Office of the State Comptroller (OSC).

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money
Townsquare Media
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Bill Would Prevent Double-Dipping Among Retired School Administrators [AUDIO]

Retired school administrators who return to public employment would no longer be able to continue to collect their retirement benefits in addition to their salaries under a bill that's been introduced by Assemblyman Ralph Caputo.

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Money
Flickr User Keith Ramsey
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NJ Pension System Still Under Funded

New Jersey State Treasurer Andrew Eristoff is testifying before the Assembly Budget Committee today in Trenton. Members are asking a wide range of questions including how the state’s pension system for public employees is doing. The system is still vastly under-funded, but Eristoff is still upbeat.

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Governor's Office/Tim Larsen
Governor's Office/Tim Larsen
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Christie Versus Buono On Pension And Health Benefits Reform [AUDIO]

The public employee pension and health benefit reforms enacted in 2011 will be a major issue in this year's gubernatorial campaign in New Jersey.

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