N.J. Pension Funds To Sue Christie Over $2.4B Money Grab
"Christie agreed to increase payments into the system in return for a reform package that raised the retirement age from 62 to 65, eliminated cost-of-living increases for retirees, and required workers to contribute more toward their pensions and health benefits.
But instead of pumping in extra money, Christie grabbed $2.4 billion from pension payments to balance budgets over two years after revenue collections fell far short of projections."
No comments:
Post a Comment