Biden buyout

June 22, 2009 - 2:23pm
PRESS RELEASE

O'Toole: Corzine Puts Another Nail in the Coffin of Pension Reform

In 2006, legislators met all summer trying to find ways to keep the pension funds from insolvency, O'Toole said. Now, in an election year, the governor plans to increase pension benefits without providing any of the resources needed to pay for the benefits. The governor is pushing the pensions closer to insolvency.

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June 9, 2009 - 12:15pm
PRESS RELEASE

Tom Kean Asks Corzine Why He Won't Give Taxpayers Details of Biden Buyout

Senate Republican Leader Tom Kean asked why Governor Corzine has not released cost estimates of the concessions he agreed to before a campaign rally with Vice President Joseph Biden. According to a letter written by state union leaders to all their members, the concessions included putting hundreds of temporary workers into permanent positions at an unspecified cost to taxpayers. Kean called on the governor to live up to his promises of transparency and accountability, and release the Treasurer's best estimates of how many workers will become permanent and how much this policy change will cost taxpayers.

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