Judge questions "false promise" of pension contribution - Health Professionals & Allied Employees

Judge questions “false promise” of pension contribution

From Asbury Park Press app.com, January 16, 2015

TRENTON – Lawyers for the state were in the odd position Thursday of explaining to a Superior Court judge that one of Gov. Chris Christie’s signature accomplishments is, in part, unconstitutional.

Public worker unions and the state’s pension fundswant the courts to order Christie to resume putting the money into the retirement systems required under laws he signed in 2010 and 2011. The governor cut the 2014 and 2015 payments by around $2.5 billion when tax revenues fell far short last spring. The 2014 cut was upheld last June.

A law signed by Christie required the state to put in three-sevenths of the full amount recommended by actuaries last year and four-sevenths this year. Instead he’s paying the amount due in the current year but not the portion required to pay down a portion of a deficit projected at $37 billion or more.

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From Asbury Park Press app.com, January 16, 2015

TRENTON – Lawyers for the state were in the odd position Thursday of explaining to a Superior Court judge that one of Gov. Chris Christie’s signature accomplishments is, in part, unconstitutional.

Public worker unions and the state’s pension fundswant the courts to order Christie to resume putting the money into the retirement systems required under laws he signed in 2010 and 2011. The governor cut the 2014 and 2015 payments by around $2.5 billion when tax revenues fell far short last spring. The 2014 cut was upheld last June.

A law signed by Christie required the state to put in three-sevenths of the full amount recommended by actuaries last year and four-sevenths this year. Instead he’s paying the amount due in the current year but not the portion required to pay down a portion of a deficit projected at $37 billion or more.

Read More

From Asbury Park Press app.com, January 16, 2015

TRENTON – Lawyers for the state were in the odd position Thursday of explaining to a Superior Court judge that one of Gov. Chris Christie’s signature accomplishments is, in part, unconstitutional.

Public worker unions and the state’s pension fundswant the courts to order Christie to resume putting the money into the retirement systems required under laws he signed in 2010 and 2011. The governor cut the 2014 and 2015 payments by around $2.5 billion when tax revenues fell far short last spring. The 2014 cut was upheld last June.

A law signed by Christie required the state to put in three-sevenths of the full amount recommended by actuaries last year and four-sevenths this year. Instead he’s paying the amount due in the current year but not the portion required to pay down a portion of a deficit projected at $37 billion or more.

Read More

From Asbury Park Press app.com, January 16, 2015

TRENTON – Lawyers for the state were in the odd position Thursday of explaining to a Superior Court judge that one of Gov. Chris Christie’s signature accomplishments is, in part, unconstitutional.

Public worker unions and the state’s pension fundswant the courts to order Christie to resume putting the money into the retirement systems required under laws he signed in 2010 and 2011. The governor cut the 2014 and 2015 payments by around $2.5 billion when tax revenues fell far short last spring. The 2014 cut was upheld last June.

A law signed by Christie required the state to put in three-sevenths of the full amount recommended by actuaries last year and four-sevenths this year. Instead he’s paying the amount due in the current year but not the portion required to pay down a portion of a deficit projected at $37 billion or more.

Read More

From Asbury Park Press app.com, January 16, 2015

TRENTON – Lawyers for the state were in the odd position Thursday of explaining to a Superior Court judge that one of Gov. Chris Christie’s signature accomplishments is, in part, unconstitutional.

Public worker unions and the state’s pension fundswant the courts to order Christie to resume putting the money into the retirement systems required under laws he signed in 2010 and 2011. The governor cut the 2014 and 2015 payments by around $2.5 billion when tax revenues fell far short last spring. The 2014 cut was upheld last June.

A law signed by Christie required the state to put in three-sevenths of the full amount recommended by actuaries last year and four-sevenths this year. Instead he’s paying the amount due in the current year but not the portion required to pay down a portion of a deficit projected at $37 billion or more.

Read More

From Asbury Park Press app.com, January 16, 2015

TRENTON – Lawyers for the state were in the odd position Thursday of explaining to a Superior Court judge that one of Gov. Chris Christie’s signature accomplishments is, in part, unconstitutional.

Public worker unions and the state’s pension fundswant the courts to order Christie to resume putting the money into the retirement systems required under laws he signed in 2010 and 2011. The governor cut the 2014 and 2015 payments by around $2.5 billion when tax revenues fell far short last spring. The 2014 cut was upheld last June.

A law signed by Christie required the state to put in three-sevenths of the full amount recommended by actuaries last year and four-sevenths this year. Instead he’s paying the amount due in the current year but not the portion required to pay down a portion of a deficit projected at $37 billion or more.

Read More

From Asbury Park Press app.com, January 16, 2015

TRENTON – Lawyers for the state were in the odd position Thursday of explaining to a Superior Court judge that one of Gov. Chris Christie’s signature accomplishments is, in part, unconstitutional.

Public worker unions and the state’s pension fundswant the courts to order Christie to resume putting the money into the retirement systems required under laws he signed in 2010 and 2011. The governor cut the 2014 and 2015 payments by around $2.5 billion when tax revenues fell far short last spring. The 2014 cut was upheld last June.

A law signed by Christie required the state to put in three-sevenths of the full amount recommended by actuaries last year and four-sevenths this year. Instead he’s paying the amount due in the current year but not the portion required to pay down a portion of a deficit projected at $37 billion or more.

Read More

From Asbury Park Press app.com, January 16, 2015

TRENTON – Lawyers for the state were in the odd position Thursday of explaining to a Superior Court judge that one of Gov. Chris Christie’s signature accomplishments is, in part, unconstitutional.

Public worker unions and the state’s pension fundswant the courts to order Christie to resume putting the money into the retirement systems required under laws he signed in 2010 and 2011. The governor cut the 2014 and 2015 payments by around $2.5 billion when tax revenues fell far short last spring. The 2014 cut was upheld last June.

A law signed by Christie required the state to put in three-sevenths of the full amount recommended by actuaries last year and four-sevenths this year. Instead he’s paying the amount due in the current year but not the portion required to pay down a portion of a deficit projected at $37 billion or more.

Read More

From Asbury Park Press app.com, January 16, 2015

TRENTON – Lawyers for the state were in the odd position Thursday of explaining to a Superior Court judge that one of Gov. Chris Christie’s signature accomplishments is, in part, unconstitutional.

Public worker unions and the state’s pension fundswant the courts to order Christie to resume putting the money into the retirement systems required under laws he signed in 2010 and 2011. The governor cut the 2014 and 2015 payments by around $2.5 billion when tax revenues fell far short last spring. The 2014 cut was upheld last June.

A law signed by Christie required the state to put in three-sevenths of the full amount recommended by actuaries last year and four-sevenths this year. Instead he’s paying the amount due in the current year but not the portion required to pay down a portion of a deficit projected at $37 billion or more.

Read More

From Asbury Park Press app.com, January 16, 2015

TRENTON – Lawyers for the state were in the odd position Thursday of explaining to a Superior Court judge that one of Gov. Chris Christie’s signature accomplishments is, in part, unconstitutional.

Public worker unions and the state’s pension fundswant the courts to order Christie to resume putting the money into the retirement systems required under laws he signed in 2010 and 2011. The governor cut the 2014 and 2015 payments by around $2.5 billion when tax revenues fell far short last spring. The 2014 cut was upheld last June.

A law signed by Christie required the state to put in three-sevenths of the full amount recommended by actuaries last year and four-sevenths this year. Instead he’s paying the amount due in the current year but not the portion required to pay down a portion of a deficit projected at $37 billion or more.

Read More

From Asbury Park Press app.com, January 16, 2015

TRENTON – Lawyers for the state were in the odd position Thursday of explaining to a Superior Court judge that one of Gov. Chris Christie’s signature accomplishments is, in part, unconstitutional.

Public worker unions and the state’s pension fundswant the courts to order Christie to resume putting the money into the retirement systems required under laws he signed in 2010 and 2011. The governor cut the 2014 and 2015 payments by around $2.5 billion when tax revenues fell far short last spring. The 2014 cut was upheld last June.

A law signed by Christie required the state to put in three-sevenths of the full amount recommended by actuaries last year and four-sevenths this year. Instead he’s paying the amount due in the current year but not the portion required to pay down a portion of a deficit projected at $37 billion or more.

Read More

From Asbury Park Press app.com, January 16, 2015

TRENTON – Lawyers for the state were in the odd position Thursday of explaining to a Superior Court judge that one of Gov. Chris Christie’s signature accomplishments is, in part, unconstitutional.

Public worker unions and the state’s pension fundswant the courts to order Christie to resume putting the money into the retirement systems required under laws he signed in 2010 and 2011. The governor cut the 2014 and 2015 payments by around $2.5 billion when tax revenues fell far short last spring. The 2014 cut was upheld last June.

A law signed by Christie required the state to put in three-sevenths of the full amount recommended by actuaries last year and four-sevenths this year. Instead he’s paying the amount due in the current year but not the portion required to pay down a portion of a deficit projected at $37 billion or more.

Read More

From Asbury Park Press app.com, January 16, 2015

TRENTON – Lawyers for the state were in the odd position Thursday of explaining to a Superior Court judge that one of Gov. Chris Christie’s signature accomplishments is, in part, unconstitutional.

Public worker unions and the state’s pension fundswant the courts to order Christie to resume putting the money into the retirement systems required under laws he signed in 2010 and 2011. The governor cut the 2014 and 2015 payments by around $2.5 billion when tax revenues fell far short last spring. The 2014 cut was upheld last June.

A law signed by Christie required the state to put in three-sevenths of the full amount recommended by actuaries last year and four-sevenths this year. Instead he’s paying the amount due in the current year but not the portion required to pay down a portion of a deficit projected at $37 billion or more.

Read More

From Asbury Park Press app.com, January 16, 2015

TRENTON – Lawyers for the state were in the odd position Thursday of explaining to a Superior Court judge that one of Gov. Chris Christie’s signature accomplishments is, in part, unconstitutional.

Public worker unions and the state’s pension fundswant the courts to order Christie to resume putting the money into the retirement systems required under laws he signed in 2010 and 2011. The governor cut the 2014 and 2015 payments by around $2.5 billion when tax revenues fell far short last spring. The 2014 cut was upheld last June.

A law signed by Christie required the state to put in three-sevenths of the full amount recommended by actuaries last year and four-sevenths this year. Instead he’s paying the amount due in the current year but not the portion required to pay down a portion of a deficit projected at $37 billion or more.

Read More

From Asbury Park Press app.com, January 16, 2015

TRENTON – Lawyers for the state were in the odd position Thursday of explaining to a Superior Court judge that one of Gov. Chris Christie’s signature accomplishments is, in part, unconstitutional.

Public worker unions and the state’s pension fundswant the courts to order Christie to resume putting the money into the retirement systems required under laws he signed in 2010 and 2011. The governor cut the 2014 and 2015 payments by around $2.5 billion when tax revenues fell far short last spring. The 2014 cut was upheld last June.

A law signed by Christie required the state to put in three-sevenths of the full amount recommended by actuaries last year and four-sevenths this year. Instead he’s paying the amount due in the current year but not the portion required to pay down a portion of a deficit projected at $37 billion or more.

Read More