Christie Seeks to Roll Back Pension Payments After Ruling

[n2doc]

(Bloomberg) -- New Jersey Governor Chris Christie will seek to roll back pension-fund contributions in his next budget, a day after a judge said he broke state law by withholding $1.6 billion from the retirement system this year.

The 52-year-old Republican will present a spending plan Tuesday that seeks to contribute $1.3 billion to New Jersey’s government-employee pensions for the year starting July 1, according to a figure released by his office. That’s less than half the $2.9 billion it was scheduled to pay.

For the governor, the pension decision comes at a pivotal moment as he considers a run for the White House next year. After being dogged by a scandal over deliberate traffic jams at the George Washington Bridge and a struggling economy, Christie has sought to boost his national profile with trips across the U.S. and abroad. Now, he’s refocusing on New Jersey, where his approval rating has fallen to record lows, with his latest plan to manage revenue shortfalls and rising pension costs.

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http://www.bloomberg.com/politics/articles/2015-02-24/christie-seeks-to-roll-back-pension-payments-after-court-ruling

[hollysmom]

1. why is a union contract less than a contract with a business?

And what doesn't Christie understand about mandatory. I am sick of republicans trying to cheat regular people while lining the pockets of their friends - how about taking that pension plan away from Christie's friend and have him not take out all those huge administration fees and give it to someone who will manage it for the optimum amount and not put in in losing propositions - the man should not be rewarded for a shady deal - his contract is no better than the workers pension commitment.

Yeah, this is like everyone trying to get their hands on social security money, like they would not be giving it all aay to their friends and then need to cut the benefits to the people. See the money dancing in the distance, you get to steal it you can then cut taxes and convince people it is good for them and they will vote for you, but mostly you will cut the taxes of the rich - oh so much money dancing in the distance, if only you could reach out and steal it.

[Hoppy]

2. The question is if the Democratic legislature rolls over for him again. Fuck Sweeney.

[blkmusclmachine]

3. The "Democrats" are experts at rolling over. Look at the tire marks on their backs! They are WILLING

participants in GOP destruction. Because "bi-partisanship."