Free Republic 2nd Qtr 2025 Fundraising Target: $81,000 Receipts & Pledges to-date: $79,800
98%  
Woo hoo!! And we're now over 98%!! Thank you all very much!! God bless.

Keyword: statebenefits

Brevity: Headers | « Text »
  • Christie administration warns it might not make full pension payment in future years

    05/18/2013 12:22:45 AM PDT · by Olog-hai · 12 replies
    Newark Star-Ledger ^ | May 15, 2013 at 1:29 PM | Jarrett Renshaw
    Gov. Chris Christie has warned potential investors there is no guarantee the state will make its required pension payments in future years, an admission that underscores a looming financial crisis he and future governors face as retirement costs are expected to explode before the decade ends. The disclosure, buried in a 156-page bond prospectus for investors, also casts doubt on one of the key commitments Christie and leading Democrats made to public employees as part of the 2011 health and pension reform: Workers would shoulder a greater share of pension costs in exchange for the state making required payments to...