A bill requiring 500,000 public workers in New Jersey to shoulder a significantly larger share of the costs for their health care and pension benefits and take the issue off the bargaining table has advanced over staunch objections from organized labor.
Macy’s and the union representing workers at its flagship Manhattan store and three other New York locations have reached a tentative contract agreement following all-night negotiations.
Gov. Andrew Cuomo confirmed he will propose a new, less generous pension system for future state, local and school employees that is designed to save taxpayers $93 billion over 30 years.
Organizers said up to 10,000 were expected to protest staff cuts and promote public safety. They said budget cuts and layoffs have thinned their ranks to unsafe levels.
Wisconsin state workers protesting a move to severely curtail their collective bargaining rights have found allies in New Jersey.
Future city police and firefighters could not boost their pensions by working overtime in their last years on the job under cuts proposed by the Bloomberg administration.
New Jersey Gov. Chris Christie signed a bill on Tuesday that aims to help New Jersey towns control costs and ease property tax increases.
A think tank projects that taxpayer-funded contributions to the pension systems for NY’s public employees could balloon by billions over the next five years.
The former superintendent of New Jersey’s fourth-largest school district could still get hundreds of thousands of dollars in pension, unused sick leave and vacation time even if he is convicted of bribery and fraud.
Christie was to outline his plan during a town hall meeting in Gloucester Township Tuesday.
The state of New Jersey has settled federal civil fraud charges of failing to inform bond investors that it had not met obligations to its largest pension plans.
Gov. Paterson has vetoed 23 policy bills from the Legislature, including a pension sweetener for prison guards. Another vetoed bill would have slapped a tooth decay warning label on “sippy cups.”