Bill to overhaul Jersey City pensions passes - Dallas News | myFOXdfw.com

Bill to overhaul Jersey City pensions passes

Posted: Updated:
New Jersey News New Jersey News

TRENTON, N.J. (AP) - A bill that would overhaul the pension system in New Jersey's second-largest city is headed to Gov. Chris Christie.

The state Senate on Monday passed the bill which reduces cost of living adjustments in Jersey City's pension plan. It also raises the retirement age for new employees from 60 to 65 and requires them to have 25 years of service instead of 20. The measure also increases penalties for early retirement.

Senate President Steve Sweeney amended the measure to apply savings from the lower cost of living adjustments to bolster the pension system instead of shifting the money to the general budget.

Copyright 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • New Jersey NewsNew Jersey NewsMore>>

  • Some Showboat workers get new jobs within company

    Some Showboat workers get new jobs within company

    Friday, August 29 2014 2:54 PM EDT2014-08-29 18:54:36 GMT
    More than 470 of the 2,000-plus workers at Atlantic City's Showboat Casino Hotel have found new jobs with other casinos owned by its parent company. The Showboat is shutting down Sunday afternoon after 27 years on the Boardwalk.
    More than 470 of the 2,000-plus workers at Atlantic City's Showboat Casino Hotel have found new jobs with other casinos owned by its parent company. The Showboat is shutting down Sunday afternoon after 27 years on the Boardwalk.
  • NJ girl accidentally kills gun instructor

    NJ girl accidentally kills gun instructor

    Friday, August 29 2014 1:24 PM EDT2014-08-29 17:24:19 GMT
    A 9-year-old girl from New Jersey accidentally killed an Arizona shooting instructor as he was showing her how to use a fully automatic Uzi. Charles Vacca, 39, was standing next to the girl at the Last Stop outdoor shooting range when she pulled the trigger and the recoil sent the gun over her head, investigators said.
    A 9-year-old girl from New Jersey accidentally killed an Arizona shooting instructor as he was showing her how to use a fully automatic Uzi. Charles Vacca, 39, was standing next to the girl at the Last Stop outdoor shooting range when she pulled the trigger and the recoil sent the gun over her head, investigators said.
  • Victim's family feels sorry for girl who shot him

    Victim's family feels sorry for girl who shot him

    Friday, August 29 2014 1:19 PM EDT2014-08-29 17:19:45 GMT
    The ex-wife of an Arizona shooting range instructor accidentally killed by a 9-year-old girl learning to use an Uzi said Friday that her family plans to write the child a letter to comfort her.  Instructor Charles Vacca was standing next to the girl on Monday at the Last Stop range in White Hills, Arizona, about 60 miles south of Las Vegas, when she squeezed the trigger.
    The ex-wife of an Arizona shooting range instructor accidentally killed by a 9-year-old girl learning to use an Uzi said Friday that her family plans to write the child a letter to comfort her.  Instructor Charles Vacca was standing next to the girl on Monday at the Last Stop range in White Hills, Arizona, about 60 miles south of Las Vegas, when she squeezed the trigger.
Powered by WorldNow

KDFW FOX 4
400 N. Griffin Street
Dallas, Texas 75202

Main Station Directory:
(214) 720-4444
News Fax:
(214) 720-3263 or (214) 720-3333

Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | New Terms of Service What's new | Ad Choices