Christie’s biggest double-dipper quits on cusp of NJ pension debate

By   /  October 3, 2014  /  Finances, New Jersey, Pensions  /  No Comments

Governor's Office/Tim Larsen

As the pension reform issue heats up in New Jersey, the most prominent double-dipper in Gov. Chris Christie’s administration is stepping down today.

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Chicago pension crisis three times worse than just 10 years ago

By   /  October 2, 2014  /  Illinois, News, Pensions  /  No Comments

A new report reveals that Chicago’s unfunded pension obligations have more than tripled in the last decade.

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NJ Watchdog fights for Guadagno pension probe records in appeals court

By   /  September 29, 2014  /  Abuse of power, Ethics, Fraud, New Jersey, News, Pensions, Politics & Elections, State Government, State Politics  /  No Comments

NJ Office of Information Technology

The mystery of what happened in a criminal investigation of an alleged $245,000 pension fraud implicating Lt. Gov. Kim Guadagno may finally be solved in a New Jersey appeals court.

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NJ pension report bears bad news, but fails to bare abuses

By   /  September 26, 2014  /  Budget and Spending, New Jersey, News, Pensions, State Politics  /  No Comments

Photo by Tim Larsen, Governor's Office

New Jersey taxpayers will find plenty of bad news in the first report of the special commission Gov. Chris Christie appointed to study the $90 billion deficit in the state’s retirement system. Yet the findings ignored many of the weaknesses and abuses that have drained funds.

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Pennsylvania and Pittsburgh: A tale of two credit ratings

By   /  September 25, 2014  /  Accountability, Budget and Spending, Local Government, News, Pennsylvania, Pensions, State Budgets  /  No Comments

Pittsburgh's pension system is only 62 percent funded, but that's way better than it was just two years ago.

Pennsylvania just got slammed with its fourth credit downgrade in a little over two years. In contrast, Pittsburgh got an upgrade this summer. A local economist says that both still have substantive problems.

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New Jersey pension czar funnels money into fund his firm invests in without disclosing ties

By   /  September 24, 2014  /  Ethics, Finances, New Jersey, Pensions, State Government, Watchdog Citizen News  /  No Comments

Shutterstock Image

By Brad Matthews | WatchdogWire.com
Gov. Chris Christie’s friend and pensions overseer Robert Grady invested New Jersey money into a fund this his own private firm also invested in, according to the International Business Times, raising concerns about a conflict of interest.
In 2010, Christie appointed friend, former executive and GOP power broker Robert Grady to be the head [...]

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