Breaking News: NJ Senate on S3620

It was not one of the recommendations of the New Jersey Pension and Benefit Study Commission but the state legislature obviously saw providing politicians with bigger pensions as an easier fix than freezing Defined Benefit accruals. Today S3620 came up for a vote in the state Senate even though nobody had any idea of the number of politicians who would benefit or the cost impact. Next stop would be a vote in the Assembly and then on to lame-duck governor Christie’s desk. The result….

S3620 Sca (1R) Changes PERS membership eligibility for certain elected public officials and provides for PERS reenrollment.
Passed Senate 24 – 8
 

Identical Bill Number: A5322

Cunningham, Sandra B.   as Primary Sponsor

12/11/2017 Introduced in the Senate, Referred to Senate Budget and Appropriations Committee
12/14/2017 Reported from Senate Committee with Amendments, 2nd Reading
12/18/2017 Passed by the Senate (24-8)Introduced – – 11 pages PDF Format    HTML Format
Reprint – – 11 pages PDF Format    HTML Format
Statement – SBA 12/14/17 – 2 pages PDF Format    HTML Format
Committee Voting:
SBA  12/14/2017  –  r/Sca  –  Yes {9}  No {2}  Not Voting {1}  Abstains {1}  –  Roll Call

17 responses to this post.

  1. Posted by Anonymous on December 18, 2017 at 6:08 pm

    Maybe we should get another NJSC ruling on funding them?

    Reply

  2. Posted by Tough Love on December 18, 2017 at 6:29 pm

    What the State is essentially giving those impacted is a GIFT of taxpayer money.

    I thought that was illegal.

    Reply

    • Posted by Anonymous on December 18, 2017 at 6:36 pm

      From the millennials’ abilities will supposedly flow the wherewithal to fund the “needs” of their elders‘ entitlements, debt, and ever-expanding blob of a government.

      Reply

  3. Posted by Anonymous on December 18, 2017 at 7:00 pm

    And don’t forget those tax cuts for the rich

    Reply

    • The executive/financial class, the political/union class, and the serfs. The former two groups have pillage the future of younger Americans, and they keep taking more.

      https://larrylittlefield.wordpress.com/2017/11/26/the-executive-financial-class-the-political-union-class-and-the-serfs-redux/

      Those tax cuts for the rich are scheduled to expire as soon as the last member of Generation Greed has retired. In New Jersey, someone needs to tell people just what Generation Greed has done to them.

      https://larrylittlefield.wordpress.com/2017/12/03/will-new-jerseys-phil-murphy-be-the-first-to-tell-the-truth-about-generation-greed/

      Reply

      • Posted by Anonymous on December 19, 2017 at 2:14 pm

        BS CBT does not expire. Americans should know how Corporations and their executives have hoarded their cash reserves to their own benefit. And the only thing cutting their taxes is going to do is build more wealth for the few. I guess you among them, although you’ll surely deny it.

        Reply

        • Posted by Anonymous on December 19, 2017 at 4:01 pm

          “The total mean compensation of New Jersey’s state and local government workers, as measured by the Bureau of Economic Analysis, is now 40 percent higher than the average member of the private sector working in the state. State and local government workers were probably getting 40 percent more all along, but it didn’t show up in the data because taxpayers weren’t paying part of it – the pension part.” ….so by not paying the pension part it will bring the public worker more in line with private wages

          Reply

          • Posted by Tough Love on December 19, 2017 at 10:57 pm

            YES, but ONLY if those past amounts due are NEVER paid and the promised Public Sector pensions defaulted upon.

            Do I hear you saying OK ?

            Or more likely no, “pay me”.

            If the latter, then back to you being 40% overcompensated.

            Pick you poison.

        • Posted by SMH on December 19, 2017 at 5:44 pm

          “The total mean compensation of New Jersey’s… what Anonymous said”

          Probably?

          Even Brietbart, I think, knows better than to compare mean public to private compensation…

          BLS:
          “Compensation cost levels in state and local government should not be directly compared with cost levels in private industry. Differences between these sectors stem from factors such as variation in work activities and occupational structures. Manufacturing and sales, for example, make up a large part of private industry work activities but are rare in state and local government. Professional and administrative support occupations (including teachers) account for two-thirds of the state and local government workforce, compared with one-half of private industry.”

          Reply

          • Read the post, or just look at the chart. Presumably the differences between the sectors were there 10, 20, 30 and 40 years ago too.

          • I saw the chart and read that part of the post. There has always been a difference between the sectors. There has always been disagreement on how much the difference is.

            A forty percent advantage today is just wrong. If you or Mr. Littlefield have read the ongoing debate, the most conservative study says NJ state workers earn 23% more (33% with the value of job security). The truth is likely much less.

          • Posted by Tough Love on December 19, 2017 at 11:56 pm

            SHM’s response low-balls the difference because the study-results giving the 23%-of-pay (33%-of-pay with job security included) Public Sector “Total Compensation” ADVANTAGE excludes the contribution of Safety-workers (with MUCH greater than average wages and the richest pensions).

          • “you or Mr. Littlefield”… correction, for some reason I thought that post was from Anonymous.

            From BLS (national data)…

            “Total employer compensation costs for private industry workers averaged $32.27 per hour worked in September 2016. Total employer compensation costs for state and local government workers averaged $45.93 per hour worked in September 2016.”

            That’s about a 42% advantage, but, as BLS says, “Compensation cost levels in state and local government should not be directly compared with levels in private industry.”

            The average state and local worker compensation 40 percent higher than the average private sector compensation would fall under the heading of “true but irrellevent”, because we are not comparing similar workers.

            If you like fun with numbers, consider this..

            The comparison above (42% advantage) is something less sophisticated (or more devious) pundits might use; comparing the average of all public with the average of all private workers. In reality, most studies compare public workers to private workers in large companies (500 or more employees), because most government entities are “large employers”.
            In the same BLS report that says public workers cost $45.93 per hour, they say workers in large corporations earn $49.13 per hour. (That’s 7% higher than public workers.)

            Even scarier, the $32.27 per hour average above includes those workers in large companies. For those companies smaller than 100, the average is only $28.53.

            It looks like the real difference in compensation is not between private and public, but between small companies and large ones.

            Source: https://www.bls.gov/news.release/pdf/ecec.pdf

  4. Posted by George on December 19, 2017 at 4:03 pm

    Where is Phil Murphy on this issue?

    Reply

  5. […] I have spent the past few days reading a great deal, such as Mr. Bury’s; “Breaking News: NJ Senate on S3620”. […]

    Reply

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