Christie Broke Law With Pension Cuts

[applegrove]

Christie Broke Law With Pension Cuts

http://www.thedailybeast.com/cheats/2015/02/23/christie-broke-law-with-pension-cuts.html

SNIP...............


A judge ruled on Monday that New Jersey Gov. Chris Christie broke his own law when he cut $1.57 billion from a pension payment this year. The governor must now work with lawmakers to restore the money by June 30, a difficult task considering the state’s $32.5 billion budget for the year. “The impact on programs at the end of the year would be devastating,” State Assembly Majority Leader Lou Greenwald said. The ruling came after a group of public worker unions sued to stop Christie from slashing their retirement funds.


..............SNIP

[Atman]

1. They'll work together...

...to cut more benefits and social services to make up for this new shortfall. It might help if the rich get more tax cuts .

[TheMastersNemesis]

2. Actually Christie Would Stop Pension Payments And Steal The Pension Funds For Tax Cuts.

[no_hypocrisy]

3. Here's how it's played out:

1. Public workers have less salary because they agreed to contribute more to their pensions and benefits.

2. Their pension contributions never made it into their pensions. Instead the funds were diverted to the state's general fund to pay for expenses in the budget.

3. Not only do public workers not have equity for their retirement, but with their own money not being deposited into their pension fund, the workers are paying taxes twice (once for regular municipal and state taxes and twice for their diverted contributions).

If these workers are going to have less money in their paychecks, their money has to go to an account where it is solely for the purpose of paying for their pensions.

[malaise]

4. Isn't it time to lock up this ReTHUG scumbag?

Come on Paul Fishman.