As New Jersey continues to struggle to create more jobs and spark the state economy, another multi-billion dollar budget deficit is looming on the horizon.
Many New Jerseyans want the state to make full payments into the public employees pension system, but the Garden State simply does not have the money, according to a legislator who is working on new pension reforms.
A new poll out Tuesday reveals the vast majority of New Jerseyans think Gov. Chris Christie should have made a full payment into the public employees' pension system, despite his administration successfully arguing that a law he signed, requiring the complete payment, was unconstitutional.
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.
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.
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.