Gov. Chris Christie said the state might not be able to make a half-billion-dollar contribution to the public worker pension system next year, as a new law requires. State Treasurer Andrew Eristoff said this week that New Jersey would make the $512 million contribution next July. Christie said today, however, that the state will make the required payment only if it has the money to do so.
If not, he said, the law might be changed or overridden in next year’s budget.
“We’ll move forward and make that contribution if the state is in the position to make that contribution,” Christie said at a news conference today after swearing in Allison Blake as commissioner of the Children and Families Department.
“Laws change all the time. That’s our current intention, but that could change.” Read more in Star Ledger.
Chrisrie never seems to worry about his own pay. He should give up something as well as all tho pols who take raises and blame others.
It seems the Governors plan is to purposely bankrupt it to the point of no return. This way it would have to be just scrapped.
Why should people suffer, work it out Chris Christie, get rid of those people in the government that are just job suckers for the politicians, and the Senators and Assembly get their acts together with all their croonie appointments.
WHERE IS THE MONEY CHRIS, SHOULD WE LOOK TO FAMILY CARE AND ALL THE UNDOCUMENTED, AND HOW SORRY THE VOTES ARE FOR GETING THEM ALL THE BENEFITS, AND LOWERING OUR STANDARD OF LIVING, AND MAKING US PAY FOR THEM, GET THEM OUT OF NEW JERSEY, AND/OR MAKE THEM LEGAL AND CONTRIBUTE, SICK OF TAKING CARE OF OTHERS AND TRYING TO HOLD ON TO WHAT I HAVE EARNED THAT HAS TAKEN 36 YRS TO ACCUMULATE, AND YOU CANNOT back the pensions up,
The public sector should take a cut in pay in order to pay for the pension fund. The employer can’t afford to pay. When that happens people get laid off or cut back. That’s the way the private sector works.
The question is why can’t they afford it we pay the highest taxes and this state is broke. The state should be looking into how much tax payers are paying to support illegals and cut that spending not cut the hard taxing paying workers.
A big reason they can’t afford it is because of the Unions and their crazy pensions and benefits! Cut cut cut!