A Pennsylvania arbitrator has ruled that Jerry Sandusky’s $4,900-a-month Penn State pension be reinstated, including back payments from October 2012, when his child molestation conviction prompted the state retirement system to end his benefits.
The $34.4 billion state budget New Jersey Gov. Chris Christie proposed Tuesday makes a required $2.25 billion payment to the public worker pension fund without raising taxes but leaves virtually nothing left over to fund major new programs or initiatives.
New Jersey is in good shape and getting better in the eyes of the Governor. Legislative Democrats would beg to differ.
Jerry Sandusky’s campaign from behind bars to have his Penn State pension restored will go before a hearing examiner this week in Harrisburg, more than a year after his child molestation conviction led the state pension agency to revoke it.
The 2009 one-percent hike in the Philadelphia sales tax was supposed to be temporary, but it’s now permanent as part of the state’s solution to the school district cash crisis.
The Philadelphia Pension Board has voted to sell stocks that are tied to the gun industry, if companies don’t adhere to a new set of principles, designed to reduce gun violence.
The State Employees’ Retirement System notified Sandusky he will no longer receive his $59,000 annual pension following his conviction and sentence in the child sexual abuse scandal.
Jerry Sandusky’s lawyer says that Sandusky will fight to keep his $59,000 annual pension.
“If we don’t start addressing pensions right now, in 2016-17, $4.3 billion of the budget goes to pension. What does that do to funding everywhere else that we need to have the funding?” Corbett said.
Eyewitness News has learned that Jerry Sandusky may be able to retain his $59,000 per year state pension for the rest of his life, even after being convicted on 45 criminal counts for sexually abusing ten boys.
The majority leader of the Pennsylvania Senate has announced that he will introduce a bill that will make major changes to the pension system for future state and public school workers.
Verizon has been granted an injunction to limit picketing by striking union workers in New Jersey.
Now making its way through bankruptcy court, the Philadelphia Orchestra’s management is finding out the price tag for withdrawing from the pension plan for musicians is more than twice the initial figures.
Senate president Steve Sweeney is ready to proceed with a package he hammered out with Governor Chris Christie which would require state workers to pay more for health insurance and increase contributions to their pension fund.
Republican Gov. Chris Christie and Democratic Senate President Stephen Sweeney have reached a deal to change retiree pension and health benefits by requiring public workers to pay more for both.