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by NJ Bats category: Education
New Jersey employees pay more into the system than those in most other systems. New Jersey public employees contribute 6.93 percent of their salaries to their own pensions, more than 55 other plans in the top 100. By 2018, the employee contribution level for New Jersey pensions will rise to 7.5 percent, which is more than employees contribute today in about two-thirds of the top 100 plans.
New Jersey employees have consistently made their pension payments, even increasing the amount of those payments with the steadfast promise from the state that their pension payments have been made. New Jersey Governors have not held their promise and now Governor Christie wants to freeze our current pensions and change the system in a move that would create burden upon municipalities for pension payments and undercut future retirement plans of thousands of New Jersey employees.
Teachers that are fighting privatizing reform agendas in our public schools.