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Is N.J. finally headed for movement on controversial pension bill?

Monday, November 21, 2016   (0 Comments)
Share | 11/21/16

New Jersey lawmakers on Monday are expected to send Gov. Chris Christie a bill that would require the governor to make quarterly payments to New Jersey's public worker pension system, rather a than one year-end lump contribution. The governor has twice vetoed the proposal. However, the state's top lawmaker signaled last week Christie would sign the new legislation that he previously rejected.

The bill (S2810would have required the governor to make pension payments on a quarterly basis by Sept. 30, Dec. 31, March 31 and June 31 of each year, instead of at the end of the fiscal year in June. The bill resembles a provision of a proposed constitutional amendment that Senate President Stephen Sweeney (D-Gloucester) once backed before pulling his support over concerns about the state's ability to make the payment. Sweeney's reversal drew outrage from public worker unions.

Christie again vetoed a similar proposal last year. However, Sweeney said he he's gotten a receptive reaction from the Republican governor ahead of posting the bill for a vote on Monday. The Assembly is also slated to vote on the proposal.

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