NJ PBA PRESIDENT WRITES: My members and I continue to be amazed by the fact that Governor Christie is brazen enough to travel the country touting pension reform as his landmark accomplishment while unions from across the state will be sitting in the Supreme Court today trying to force him to comply with his own plan.
Unfortunately, from the time he was Candidate Chris Christie in 2009 he has never been honest with our members or the public about his intentions for our pensions, so it is not terribly surprising to see the governor trying to boost his presidential aspirations on false promises and disingenuous “facts.”
If the Governor was truly going to be honest with the people of New Hampshire, and across the country, he would stop trying to convince people that the Police and Firemen’s Retirement System (PFRS) in New Jersey is anything less than stable.
In fact, the actuarial report released by the Chris Christie’s own New Jersey Division of Pension and Benefits details the fact that the PFRS continues to be stable with a funding level of almost 77% and the only thing holding it back from operating at an almost 90% funding level are his actions.
Governor Christie refuses to meet his obligations and continues to take the additional 1.5% our members are paying for their pensions as a result of his “reform” and send it to towns and counties across New Jersey instead.
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PREVIOUSLY: Very shortly, the Governor will begin his State of the State address. We are expecting that the Governor will propose significant further pension and healthcare reductions. We believe that the formal report of the Governor’s Pension Commission will be released very soon to support the Governor’s expected message today. READ MORE….
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In his refusal to speak about the PFRS system as it’s own entity, Governor Christie is either showing an inability to accept the basic facts from his own actuaries or an inability to level with the public.
Based on what our members have seen since he was a candidate, we can assume the latter.
As usual, it is safe to predict this part of the Governor’s “success” story in New Jersey will continue to be omitted from his Presidential Ambition Tour.
~ New Jersey State Policemen’s Benevolent Association President Patrick Colligan