NJ Pension Boost Scheduled for Monday

S1403 passed the State Senate unanimously in February, an Assembly Committee in March, and it is on the docket for the legislature to approve on Monday.

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NJ Debt Fantasy

The State of New Jersey Debt Report for the year ended June 30, 2018 came out on Friday and the news is that it is not as bad as 2017.

The reason…..

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SCR170 Constitutional Amendment for NJ Hybrid Plan Coming

Introduced yesterday:

SCR170 Proposes constitutional amendment to specify type of pension for new public employees and employees with less than five years of service.
2nd Reading in the Senate
5/30/2019 Introduced, 1st Reading without Reference, 2nd Reading
Introduced – – 6 pages PDF Format

Excerpts with my emphasis added:

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Soon-To-Be Breaking News: New MPRA Filing Coming

With over 15,000 retirees getting total pensions of over $170 million it would be the second largest plan approved under MPRA for benefit cuts and the plan just announced that a filing is imminent.

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NJ Public Officials Can Still Harass

S2595* is the only pension bill (nothing to do with going to a hybrid plan) on the docket for tomorrow’s session of the New Jersey Senate.

Under current law, a person who holds or has held any public office, position, or employment is required to forfeit all of the person’s pension or retirement benefit upon conviction of certain enumerated crimes involving or touching such office, position or employment. As amended by the committee, this bill would additionally require such forfeiture if the person is convicted of sexual contact, lewdness, or sexual assault when the offense is related directly to the person’s performance in, or circumstances flowing from, the specific public office or employment held by the person.

Though to get to this rubber-stamp stage the legislators wanted to keep doing a little misbehaving:

COMMITTEE AMENDMENTS: The amendments remove harassment as an offense for which forfeiture of a pension is required if committed by a person who holds or has held a public office or position.

Here is what would be the updated list of crimes:

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NJEA Law Makers

Last week, the Sunlight Policy Center of New Jersey issued a report that uncovered that the New Jersey Education Association (NJEA) has been secretly funneling millions of dollars into a dark money group supporting Governor Murphy.  Yesterday they followed up with a report entitled, “NJEA: The Taxpayer-Funded Special Interest,” that lays out how the NJEA has funded itself.

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No Debating Corrupt System

It is billed as a debate tomorrow among Democrat freeholder candidates in the primary next week but the rules make it a ‘must-miss’ for anyone but the plants and political operatives who will be stuffing the question box. Among their rules:

  • The forum will be video recorded and the media are invited to attend. Only credentialed media are allowed to record the event.
  • Each candidate will have 2 minutes for opening remarks to introduce themselves. The moderator will then ask a question from the audience. So that we can address as many questions as possible in the time available, each candidate will have 1 minute to answer each question. If time permits, candidates will also have 2 minutes for a closing statement.
  • All questions are screened by a neutral committee to ensure that questions are applicable to all candidates, are not personal in nature, and are addressed to subjects relevant to this forum.

There will be a Plainfield debate immediately after and if all 9 freeholder candidates show up a best case scenario is that there will be six questions. Almost certainly nothing on the theft of Open Space tax money or the Solar Panel fiasco but, if Armstead can sneak it in, maybe something on this.

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