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Gov. Chris Christie used the above example― of a New Jersey teacher who was eligible for $1.4 million in pension benefits at retirement― to describe why New Jersey needs to reform its chronically underfunded pension system for public employees.
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This week the state Senate passed a package of reform measures, including new rules that would cap the unused sick time retirees can cash in on at retirement, limit the participation of part-time employees in the pension system and require employees to contribute 1.5 percent of their salaries toward their health benefits.
The legislation now goes to the Assembly.
Give me $62,000 over the course of your career. When you’re ready to retire, I’ll give you $1.4 million, plus another $215,000 for your health care premiums.
?
Bloggers have been arguing about New Jersey’s messy,[link widoczny dla zalogowanych], broken pension system for years. Most agree the latest attempts at reform are long overdue. But the debate continues over whether the proposed changes are fair to teachers,Unga is BYU’s all-time leading rusher with 3
[link widoczny dla zalogowanych], police officers, firefighters and government workers who paid into the system in good faith with the expectation that it would fund their retirement. Do the reforms go too far,Fun while it lasted
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