Tag Archives | public sector pensions

Pension reform proposals from Governor Christie and Senator Sweeney

Angela Delli Santi, at Bloomberg, reported that a proposed bill of Senate President Stephen Sweeney requires increased pension contributions from government workers but leaves retirees out of the mix. Sweeney’s proposal links pension contributions to the financial solvency of retirement funds. It also halts automatic cost-of-living increases but allows for the 9 percent benefit increase. [...]

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