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It's nice to see that commie state NJ atleast taking the 1st step to cut off public workers sense of entitlement and force them to pay. If the unions go on strike we all know how many people are out of work who would take their jobs. Lets hope that the new PA guv will have enough backbone to do the same.
It is about time that someone is trying to achieve fiscal sanity in this state. Public employees have a sense of entitlement due to the years of bulling by their unions. My experience has been to have had my pension frozen, with no further contributions into this fund, and reduced compensation. Upside is that I still have a job.
Next issues should be cutting the number of holidays to mirror private industry, and eliminating the fiscal insanity of letting workers accumulate unused sick days.
The NJEA, thats the problem in NJ, this gang in Trenton has to chop the legs out from under it.
It is about time unfulfilled contractual obligations are enforced by the adequate funding of pensions instead of letting them go unfunded. Pension mismanagement is another example, not just in NJ, b all across the country, where unfunded and underfunded liabilities for the lifetime of work is being systematically abused. This is another example of how the middle class is being destroyed, by promising an opportunity for success, being sold a financial bill of goods. When the time comes for the baby boomers to retire, the money had better be there for us or there will be hell to pay.
Mr. Rosenstein,
Apparently you should have spent (wasted?) more of your members' union dues during the last election cycle. Unfortunately (for you and your members), elections have consequences. And hopefully NJ lawmakers will have the backbone to slash costs including the bloated pubic pensions. Why not spend the union dues on propping up the pensions of your workers? Nah, that would make too much sense.
"A proposed constitutional amendment would require the state to make its full pension contributions after years of shortchanging or flatly ignoring its payments." And it's the teachers fault that the state has ignored its responsibility? Am I missing something here? The federal government has been using social security money to pay for things not related to those costs. And now social security is at risk. It seems to me that the problem isn't with pensions or social security but governments that either ignore their responsibility or use that money for other purposes.
Start with cutting your own pensions, Sweeney and other loser legislators! And force Whitman to pay back what she stole from the pension system.
can someone tell me why govt workers get pensions for life??? policemen, firemen, and teachers should get pensions. thats it. do you realize its our tax dollars that pay these people for life?? wtf. you want a pension? get a job in the private sector. i really cant see how this is accepted practice.
It's convenient to blame the worker when the state leaders have been unwilling to act in the best interests of their real constituents the tax payers. This would be like the rest of us telling our bosses that we want a raise and if they don't give it to us we won't like them anymore and we get the raise. Is it our fault for being pushy and trying to get a raise or is it the bosses fault for giving in? We all know it is really the morons at the top who lack the leadership skills, the ethics and morals and guts to take the highest road possible.
What the state should do is switch from the defined benefit to 403(B0 with matching contributions. This would transfer the responsibility for retirement to the employee and away from the tax payer. This what the majority of companies have done “ to save money”
unless we have serious reform nj and pa will go the way of california and general motors annd fall into the abyss. these workers work for us.there is no reason we should be paying bloated pensions regardless of the taxpayers ability to pay. no one deserves pensions of 70-80-90-100 percent of wages. lets hope the pols show some courage.
This is progress..Philadelphia and Harrisburg and D.C....please note.
The system needs reform. NJ pension system is bloated with freeloaders. 25% of workers in NJ work for government, local, state or federal. It is one big freeloading system.
Agree; progess. Let's hope this bill has guts and actually does something. Like it has been said already; next up: PA and DC. The time is long past to take on these bloated, self-serving union pigs.
Welcome to the real world NJEA --- if you don't like it, get a job in the private sector -- oh -- but you wouldn't get your summers off. And no "tenure". And no pension. etc. etc.
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