Posts Currently viewing the tag: "New Jersey"

New Jersey public sector pension funds are in trouble, now predicted to go broke in 10 years.  John Reitmeyer and Melissa Hayes have the story in northjersey.com. [Governor Chris] Christie Christie believes these new figures, called “depletion dates” by analysts. They reinforce his view that reforms to benefits and the pension system as a…(Read More)

American Stevedoring alleges International Longshoreman’s Union officials have put the company out of business because of their connection to organized crime schemes.  Steve Strunksy has the story in the Ledger-Times. A former shipping terminal operator in Newark and Brooklyn is suing the International Logshoremen’s Association for $160 million, charging that leaders of…(Read More)

Gerald Cardinale, Republican State Senator from New Jersey, explains why he opposed a PLA bill for Hurricane Sandy recovery.  PLAs swell project costs because they eliminate competition. ON JAN. 14, many of my colleagues and I voted against an expansion of project labor agreements, which allow elected officials to funnel more public projects to labor…(Read More)

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