New Jersey reform plan won’t stop double-dips or $100,000 pensions

By   /  March 5, 2015  /  New Jersey, News, Pensions, Politics & Elections  /  No Comments

Courtesy of NJ Senate Democrats

 
By Mark Lagerkvist | New Jersey Watchdog
Double-dipping public officials and retirees collecting $100,000 a year or more from New Jersey state pensions have little to fear from the sweeping reforms proposed by Gov. Chris Christie.
The blueprint drafted by the governor’s Pension and Health Benefit Study Commission promises to help the state retirement system escape a […]

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Podcast: Breaking the Bank – New Jersey’s growing pension woes

By   /  March 3, 2015  /  New Jersey, Pensions, Podcast, Podcasts, Watchdog Radio  /  No Comments

Students were not allowed to speak at public school board meeting in York.

By Watchdog.org
Breaking The Piggy Bank is Watchdog.org’s weekly look at the national public pension crisis, how it is affecting state and city budgets and what can be done — if anything — to fix it.
In this week’s episode, host Eric Boehm is  joined by special guest Mark Lagerqvist, a reporter New Jersey Watchdog who covers New Jersey’s complicated […]

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Gov. Christie plays offense on New Jersey pension reforms

By   /  February 24, 2015  /  Budget and Spending, Finances, New Jersey, Pensions, State Budgets  /  No Comments

Tim Larsen/Governor's Office

Backed into a fiscal corner, a defiant Gov. Chris Christie went on the offensive by proposing an ambitious reform to freeze existing New Jersey state pensions, create new replacement plans and eventually turn over control of the retirement system to labor unions of public workers.

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Court rules against New Jersey governor’s cuts to state pension contributions

By   /  February 24, 2015  /  New Jersey, News, Pensions  /  No Comments

Governor's Office/Tim Larsen

As Chris Christie rehearsed for today’s annual budget address, a state court changed his script by handling the New Jersey governor a major setback. Late yesterday, a judge ordered the state to restore $1.57 billion that Christie cut from this year’s pension contribution, a ruling likely to cause chaos with the state budget.

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The real numbers: New Jersey faces $183 billion in state debt

By   /  February 19, 2015  /  Budget and Spending, New Jersey, News, Pensions, Politics, State Budgets  /  No Comments

Governor's Office/Tim Larsen

To part the sea of red ink engulfing New Jersey, Gov. Chris Christie may need a miracle of biblical proportions. The total state debt is listed as nearly $85 billion. But buried in state records are details revealing the actual figure should be $183 billion – nearly $100 billion higher

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$100,000-plus state pensions double in New Jersey

By   /  February 17, 2015  /  New Jersey, Pensions  /  No Comments

Composite graphic by Mark Lagerkvist

New Jersey’s $100K Club of retired public officials has more than doubled in the past four years, according to a New Jersey Watchdog analysis of state Treasury pension data. As 2014 ended, 1,988 retirees were collecting state pensions in excess of $100,000 a year.

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