News


EDISON – New Jersey State Policemen's Benevolent Association President Patrick Colligan today released the following statement on Governor Christie’s proposal in his Budget Address to dedicate lottery funds to help fund the state’s pension obligation:

“Governor Christie’s proposal today is a good first step for our members.  We recognize that the Budget Address is a launching point for negotiation between the Governor and the Legislature, but we believe the dedication of lottery funds to help meet the State’s pension funding obligation is a start.  We look forward to the state fulfilling its long-standing obligation to fund the PFRS and providing our 33,000 members the pensions they have earned.”

(Woodbridge, NJ - June 9, 2016)- Today the New Jersey Supreme Court ruled that Governor Chris Christie was within his authority to take away cost of living adjustments from retirees.   The pension adjustments based on inflation, commonly known as COLA, were stripped away from retirees by Governor Christie in 2011.

“NJSPBA members agree that state government needs to be concerned with fiscal responsibility, especially when dealing with unfunded pension liabilities.  But the reality is that retired law enforcement officers and fire fighters held up their end of the pension agreement.  These former officers didn’t skip pension contributions, while the state continues to skip or underfund their responsibility.  An actuarial analysis of PFRS found that the state’s actual contributions to PFRS have averaged only 60% of what the state was required to pay since 1998.
 
“New Jersey’s pension system is not one monolithic fund that is losing money daily.  In fact, the State manages five pension plans for State and local employees.  Of those five, the Police and Firemen’s Retirement System (PFRS) is financed mainly by local governments, law enforcement officers and firefighters who have been making their required pension payments.  The current funded level of the local portion of PFRS is near 80% and far ahead of the other pension systems.
 
“The NJSPBA believes that an honest discussion on pension funding and the health of the State’s pension system will show the pension system that police officers and fire fighters rely on for their retirement, PFRS, is financially stable and positioned to succeed if required payments are made moving forward.
 
Retired law enforcement officers were stripped of annual cost of living increases by Governor Christie in 2011.  These retired officers are living on fixed incomes and approximately 80% do not receive social security benefits.  The burden caused by the state skipping pension payments should not fall on the backs of our retirees.  We need a full-time governor moving forward to deal with the state’s growing problem with regard to unfunded pension liabilities.”

The Mayor of Atlantic City, the Governor and legislative leadership today agreed on compromise legislation to provide the city the time and tools it needs to avoid a state takeover.

The new deal will give the City 5 months to develop a plan to balance their budget for 2017 while ensuring State financial assistance. The compromise avoids a state takeover provided the City offers the State with a balanced budget plan in that time.

Following our recent meetings with the Mayor, including a discussion with him this afternoon, the State PBA is comfortable that the City can develop a balanced budget under the conditions set by the new bill language.

The bill also includes an early retirement incentive option for AC employees. This, coupled with ongoing negotiations between the City and PBA 24, should be adequate to further the goals of a balanced budget moving forward at least as it relates to the PD.

The bill is expected to pass the Legislature in the next few days. The PBA will remain a partner to the Mayor moving forward and we are grateful for his passionate defense of the men and women of the AC PD. This compromise also would not have been possible without the insistence of Speaker Prieto that collective bargaining and fairness be protected during this difficult time.

Amid the ongoing Atlantic City crisis and a north-south standoff with a bill he backs apparently in the docket on Thursday, Jersey City Mayor Steven Fulop unleashed a torrent of criticism aimed at the triumvirate of Gov. Chris Christie, state Senate President Steve Sweeney (D-3) and South Jersey Democratic Leader George Norcross III.

Read Full Article Here

If Governor Christie would devote even a third of the time he is spending these days behind a microphone, at a game, on television or, apparently, drawing up charts towards actually working on behalf of a solution for the workforce in Atlantic City we would already have a resolution.  The Governor has shown time and again that he would much rather attack from his bully pulpit than work towards compromise and today’s display at the Statehouse was no different.  Governor Christie would rather lie to the public and blame Speaker Prieto, the media, the Office of Legislative Services, and the very people working to protect Atlantic City families rather than look to the real source of the problem.

Read More...

1 2 3 4 5