He wants to raise the normal retirement age for teachers and most state and municipal workers to 65, requiring 30 years service for early retirement instead of 25. Police would have to work 30 years for full retirement, but could retire early with reduced benefits.Read the complete article here.
He also wants public employees to:
* Contribute 8.5 percent of their salaries toward their pensions.
* Start paying 30 percent of the cost of their health premiums.
* Accept the rollback of a 9 percent raise in pension benefits granted in 2001 -- an increase he admits was put into place by Republicans, who "shouldn't have done it in the first place."
Correcting misconceptions about markets, economics, asset prices, derivatives, equities, debt and finance
Showing posts with label Chris Christie. Show all posts
Showing posts with label Chris Christie. Show all posts
Monday, September 27, 2010
Chris Christie's Belt Tightening Plan For NJ
Posted By Milton Recht
From "Christie: Jersey superstar" in the New York Post:
Friday, September 10, 2010
NJ Gov Christie Explains: Teacher Union Caused Teacher Layoffs
Posted By Milton Recht
Governor Chris Christie response to a teacher about teacher layoffs at a town hall meeting in Raritan Township, September 8, 2010.
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Thursday, July 29, 2010
Video - NJ Gov. Christie And Teachers' Salaries
Posted By Milton Recht
From RealClearPolitics:
Christie: First of all, they're [Teachers are] not taking any cuts. I asked them to take cuts, and they said no. So, what cuts are they taking? These teachers are still getting their four or five percent increases. That interplay that you just saw was about me trying to convince people that they need to take a freeze, but, in the end, they didn't. The state teachers union said--they had a rally in Trenton against me. 35,000 people came from the teachers. You know what that rally was? The "me first" rally. "Pay me my raise first. Pay me my free health benefits first. Pay me my pension first. And everybody else in New Jersey, get to the back of the line." Well, you know what? I'm not going to sit by and allow that to go unnoticed, so we'll shine a bright light on it, and we'll see how the people react. But I think we are seeing how the people of New Jersey are reacting, and that's how you make it politically palatable in other states in the country. Just shine a bright light on greed and self-interest."
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