Murphy on NJ Pensions

In his first Ask the Governor program on news12 Governor Phil Murphy laid out his priorities:
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On the pension issue it was not so much about putting wind in sails but in blowing smoke up asses.


Fully fund pensions and education. But with whose money?

17 responses to this post.

  1. Posted by dentss dennigan on February 14, 2018 at 8:47 am

    LOL Murphy is so transparent to his needs he’s trying to fight Trump’s tax cuts that will benefit most middle class by doubling the standard deduction and lowering the tax rate ..it will surely hurt the “rich ” by taking away their big deductions and making them all but worthless to them …but yet Murphy fights to get those deductions back for the rich which hurts him to a greater extent than most even in this state …Lower our taxes and the middle class will be served

    Reply

  2. Posted by skip3house on February 14, 2018 at 9:22 am

    Seem to be counting on none of us to be even up to the 8th grade arithmetic/problem solving level? We never made ‘promises’, just the elected politicians. Now, let ‘them’ come up with the systems where they pay for the solutions!
    All of ‘them’, from the ‘new’ top down, spout words with no truth to work with….
    A positive step for NJEA, at least, would be to save much of their union dues by dissolving that political subsidiary…(which has fully funded pensions).

    Reply

  3. Posted by boscoe on February 14, 2018 at 11:01 am

    “On the pension issue it was not so much about putting wind in sails but in blowing smoke up asses.” That about says it.

    And with Sweeney swinging his massive girth in Murphy’s face, while Trump tells the states they have to do more things with less money, I don’t expect to see any Robin Hood solutions on the horizon.

    Reply

  4. Posted by skip3house on February 14, 2018 at 11:56 am

    One ‘Robin Hood thought? Per example offered by 30 year early retiree in earlier blog (if true)….cut all over 20 some years of service by half, no medical, and progressively less for considered low pensions, but offset if time worked is less than 20…..change 20/30/half to more desirable, but ‘progressively’….. remember smaller % cuts for lower amounts, so no one falls off cliff

    Reply

  5. Posted by Tough Love on February 14, 2018 at 12:35 pm

    If Murphy REALLY want to help NJ’s Taxpayers ad effectively address it’s pension mess he would:

    (1) Reinstate the 2% Police salary arbitration cap
    (2) support ALL of the proposals of the NJ Pension and Benefit Study Commission
    (3) us every legal approach imaginable to end the huge and wasteful and (as it has been shown to have accomplish nothing) shift of revenue to the Abbott Districts.
    (4) Get rid of the little fiefdoms ….. by withholding all funds form towns that wont combine Police Departments (w/o keeping no longer needed staff)
    (5) same as (4) but for DPWs
    (6) change Civil Service and employments contracts so that dead-wood, incompetents, the ineffective, and the lazy employees can be terminated QUICKLY….. and annually cull-out the 5% to 10% of all employees that certainly fall into these categories. Well managed Private Sector companies do this all the time (quietly, but it’s done).

    Reply

    • Posted by Anonymous on February 20, 2018 at 8:27 pm

      I agree with you on number 3.
      Thats it. Who would be responsible for who gets retained or laid off? You? Or would do this based on salary. You’re a joke of a human being.

      Reply

  6. Posted by Anonymous on February 14, 2018 at 4:13 pm

    How in God’s name can he say schools are underfunded. More than $13 billion in the current state budget goes to school funding – that’s more than a third of the state budget. Should it be half? Three quarters? And that does not take into account what local taxpayers pay for schools. Also the $90 billion pension deficit number is low. The reality is that counting pensions and lifetime health benefits for public employees the deficit is more than $200 Billion. More money does not mean better education. Administrators and teachers need to learn to live with less.
    I don’t care what people were promised, we can’t afford it.

    Reply

    • Posted by Tough Love on February 14, 2018 at 4:26 pm

      It’s not just that we cannot “afford” what was promised, it’s ALSO that those Teacher pension promises are (especially the promised pensions and retiree healthcare benefits) 3 TIMES greater in value upon retirement than what comparably situated (in wages, age at retirement, and years of service) Private Sector workers typically get in retirement benefits from their employers,

      And CLEARLY, those excessive “promises” are the direct result of COLLUSION between the their Unions and our Elected Officials, with the former BUYING the favorable votes of the latter with BRIBES disguised as campaign contributions and election support.

      Such underhanded, fraudulently obtained “promises” (CHEATING the Taxpayers) should NOT be honored even if we COULD afford it.

      Reply

      • Posted by Anonymous on February 15, 2018 at 9:20 am

        Murphy’s plan to lower your PT is to raise them …the plan coming down the pike is besides the new discount rate of 7% on investment returns would be to make each town responsibly for Teachers , police and fire pensions themselves .they must make required payments each and every year…..On that I could see more towns declaring BK and leaving the pensioner hung out to dry .Just wondering if that the idea behind the whole scheme

        Reply

        • Posted by Tough Love on February 15, 2018 at 11:25 am

          Quoting…………….

          “…make each town responsibly for Teachers”

          Will never happen.
          _______________________

          Local Safety-worker pensions are already a responsibility of the localities.

          Reply

  7. Posted by Whatever on February 16, 2018 at 2:10 pm

    Some witty people say “the best argument against democracy is a five minute conversation with the average voter,” but I think the best argument against democracy is a five minute answer from Phil Murphy.

    NJ is screwed. There’s no formula of tax increases that can pay our pension debts, let alone pensions plus the rest of the stuff that Murphy is promising.

    Reply

  8. Posted by Citizen on May 10, 2018 at 3:57 pm

    Hard to believe Murphy went to Harvard and idiot could come up with the answer to just raise taxes once again tax and spend liberal idiot who is bought and paid for by the teachers union // the answer is to put them on a 401k plan like everyone else and let them fund there own retirement like the rest of us

    Reply

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