Pension Tension In New Jersey - Dallas News | myFOXdfw.com

Pension Tension In New Jersey

Posted: Updated:
Trenton, New Jersey (My9NJ) - In 2011, Governor Christie agreed to landmark pension reform which included raising the retirement age for state employees, increasing their contributions to pensions and healthcare, and to balance those sacrifices that they made, he agreed to make additional payments towards the state’s unfunded pension liabilities.

Well, just recently, the governor held a press conference where he announced that he could no longer meet his end of the bargain because of the $800 million budget deficit and announced he would be cutting his payments towards the pension funds to balance the budget which he is constitutionally required to do.

However, the unions are not sitting idly by as the governor goes back on his promise. In fact, state police troopers will be challenging this decision in court, and the New Jersey Teachers’ Pension Board will be consulting with the Attorney General’s office for advice about whether or not they should also take legal action against the governor.

NJ Now host Jim McQueeney chimed in to discuss whether or not this is a strategic move by the Governor that will actually help him move forward with greater union reform, or if this could damage his reputation even further as we approach 2016.

“Well one-half of the equation has kept their word, teachers for instance. They’ve contributed $8.5 billion into their own fund since 1996 to now basically, actually the number is 9 billion, and the state Democratic and Republican governors up to Christie have only put in 2 billion. It should be billions more,” he explained.

In the end, while there was an agreement made, the sad reality is that there isn’t enough money to make everyone happy.


Watch Chasing New Jersey weeknights at 10pm on My9 and don’t forget to like us on Facebook!

  • Chasing New JerseyMore>>

  • "Weed School" Comes To Atlantic City

    "Weed School" Comes To Atlantic City

    Tuesday, August 26 2014 10:42 AM EDT2014-08-26 14:42:05 GMT
    California based Oaksterdam University believes marijuana is the next big industry and this weekend they brought their classes to the Bally's Casino in Atlantic City to teach people the techniques and laws behind growing marijuana. Since 2007 Oaksterdam has taught over 20,000 students how to grow marijuana and their dean, Dr. Aseem Sappal, believes that legalization is inevitable so it makes sense to be prepared.
    California based Oaksterdam University believes marijuana is the next big industry and this weekend they brought their classes to the Bally's Casino in Atlantic City to teach people the techniques and laws behind growing marijuana. Since 2007 Oaksterdam has taught over 20,000 students how to grow marijuana and their dean, Dr. Aseem Sappal, believes that legalization is inevitable so it makes sense to be prepared.
  • NJ Transit Buses On-Schedule Only 68% Of The Time

    NJ Transit Buses On-Schedule Only 68% Of The Time

    Tuesday, August 26 2014 10:40 AM EDT2014-08-26 14:40:59 GMT
    New Jersey Transit bus commuters have consistently been complaining about late buses, and only recently NJT has really begun working to fix the problem. NJT has been using new data that shows that buses only show up on-schedule 68% of the time. In June, the transit system said that buses were on-schedule 86% of the time, but their previous method for measurement wasn't quite up-to-par.
    New Jersey Transit bus commuters have consistently been complaining about late buses, and only recently NJT has really begun working to fix the problem. NJT has been using new data that shows that buses only show up on-schedule 68% of the time. In June, the transit system said that buses were on-schedule 86% of the time, but their previous method for measurement wasn't quite up-to-par.
  • Warehouse Offers Back To School Shopping At Huge Discount In Toms River

    Warehouse Offers Back To School Shopping At Huge Discount In Toms River

    Tuesday, August 26 2014 10:39 AM EDT2014-08-26 14:39:47 GMT
    It's back to school season and with that comes both anxiety and excitement for kids and parents. Anxiety especially for those parents less fortunate and unable to keep up with the social pressures to buy their kids the latest trends and gear for school. That's where the Ocean County Hunger Relief organization in Toms River comes in. The organization's warehouse and thrift store has recently been stocked with new fashions from top brands at affordable prices!
    It's back to school season and with that comes both anxiety and excitement for kids and parents. Anxiety especially for those parents less fortunate and unable to keep up with the social pressures to buy their kids the latest trends and gear for school. That's where the Ocean County Hunger Relief organization in Toms River comes in. The organization's warehouse and thrift store has recently been stocked with new fashions from top brands at affordable prices!
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