NJ police officers take a beating in the press. Aside from #BlueFriday, where we highlight all the good that our local officers are doing in the their communities, I wanted to bring to light the fact the misconceptions about officers and the pension system.
EXCLUSIVE: A federal judge sentenced him to a year of house arrest, three years of probation and a $10,000 fine. But the disgraced former schools chief won't lose his lucrative six-figure pension.
Despite concerns about possible costs for taxpayers, the Assembly voted 61-4 for a bill ceding control of the police and fire pension funds to a union-controlled panel.
New Jersey’s long-term debt grew by 12 percent last year, due to what it owes for pensions and health benefits for retirees, according to an annual state report.
Billions in debt and unfunded future liabilities threatening the economic stability of our state. The burden of taxation increases every year and politicians in Trenton have failed miserably to offer any solutions.
Republican Gov. Chris Christie signed legislation Thursday requiring New Jersey to make quarterly payments to its debt-laden pension, a schedule supporters say could lead to returns of up to $200 million because of the early investment.
Leaders of the state’s largest public-safety unions are pushing a plan to shift control of their pension fund investments to a union-dominated board, rather than the state.
The Transportation Trust Fund will need to borrow billions. Some lawmakers think New Jersey's pensions should provide it, so they can benefit from the interest.
Gov. Chris Christie and Lt. Gov. Kim Guadagno concur: They disagree, sometimes forcefully, and people are hearing about it more now because she might run for governor.