Phil Murphy rejects proposed legislation as too broad and challenging to implement.
Tag: New Jersey
Action follows American Federation of Teachers’ critical report on Trump’s immigration policy.
Put beginning teachers and government workers into a hybrid plan to trim the state’s funding deficit, group says.
Moving the $26 billion retirement plan eases their concern that it may end up bailing out weaker plans.
No plans announced for ditching remaining firearms holdings.
Bill would yank police and firefighter pensions from state management, but governor is skeptical.
Move to help reduce costs for state, local governments.
Under new policy, PFRS would shift management from the state to a 12-member board.
Gov.-elect Murphy hopes to meet or beat Gov. Christie’s state contribution plans.
$76 billion fund just misses benchmark for fiscal year 2017.
Report indicates while the law is a step in the right direction, lottery floor covers 25% of state pension’s ARC.
The number of workers benefiting from state and local government pensions in 2016 rose 3.3% in 2016.