Christie's pension payment reduction plan sparks lawsuit from CWA

[Omaha Steve]

http://www.nj.com/politics/index.ssf/2014/05/christies_pension_payment_reduction_plan_sparks_lawsuit_from_cwa.html

TRENTON — Another prominent labor union, the Communications Workers of America, says it will file a lawsuit in an effort to stop Gov. Chris Christie's plans to grab $2.43 billion meant for the pension system to balance the state budget.

The announcement from the CWA today comes a day after the largest public-worker union in the state, the New Jersey Education Association, said it would challenge Christie's plans in court. The CWA is the largest state workers union.

The Republican governor, in a stunning about-face, announced Tuesday that he would reduce two key payments meant to shore up New Jersey's strained pension system, grabbing a total of $2.43 billion to cover unexpected revenue shortfalls in his budgets.

For Christie, the move means he is walking away from a major pension overhaul he signed in his first term to restore the pension system's financial health over approximately 30 years. But the governor said he had few other choices: He won't raise taxes, he won't take funds from schools and health care programs, and there is next to nothing left to cut in state spending.

FULL story at link.

[SamKnause]

1. Fuck anyone who would steal the pensions

of working men and women !!!!!!!!!!!!!!!!!!!!!

Why can some contracts in this country be broken and others can not ????????

I am sick of the lawlessness and corruption !!!!

Tax the CEO's.
Tax the corporations.
Tax the offshore accounts.
Tax Wall Street trading.
Tax capital gains.