Officials at the Police and Fire Retirement System and two other funds say they filed the lawsuit on Wednesday.
It’s a bitter pill for many people, state employees in particular, to swallow. But Gov. Christie says the reforms adopted a couple of years ago are far from enough. And he cited a newly released report from the Pew Charitable Trust as proof.
Dom Giordano talked with Pennsylvania Governor Tom Corbett on Talk Radio 1210 WPHT about what he calls a crisis with public employee’s pensions.
Gov. Chris Christie has not yet said how he plans to cut the costs of pensions for public workers.
New Jersey’s State Treasurer received the brunt of the tongue lashings appearing before the committee to give details of the Governor’s budget plan. He had strong words for supporters of raising taxes on the rich to fix the state’s finances.
Governor Chris Christie laid out a plan to fix a $807M budget hole by reducing payments this year and next year to the state pension fund by a total of $2.5B.
New Jersey has 60 days to find an $800 million solution as an income tax shortfall leads to questions about cutting spending.
Governor Tom Corbett and his budget secretary have used stark terms to discuss the state of Pennsylvania’s public-sector pensions, a topic that many expect to be addressed when their 2014-15 budget proposal is unveiled in a little more than a week.
In China, an adult’s failure to visit elderly parents has just become illegal. In some cases it is illegal in the states as well.
Good, hard-working Americans shouldn’t be forced to contemplate leaving their chosen profession as they are with federal laws such as Obamacare.
Close, but no deal yet between New Jersey’s Republican governor and Democratic legislative leaders on pension and benefit reforms involving state workers.
At issue where the re-election bids of city council members Marion Tasco and Frank Rizzo, along with the candidacy of City Commissioner Marge Targtaglione. All three are enrolled in the DROP pension program, and all three intend to return to office if re-elected.