"If something of this magnitude occurred in the private sector, people would be fired and an investigation would be launched immediately to determine who is responsible for the ineptitude," said Caruso, a Wayne resident. "Unfortunately, this is New Jersey where billions of taxpayer dollars are wasted every year and no one in Trenton seems to care enough to ask any questions." 

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VITALE BILL TO PROHIBIT NEW JERSEY FROM INVESTING IN IRAN SIGNED INTO LAW

TRENTON – A bill sponsored by Senator Joseph F. Vitale which prohibits New Jersey’s pension and annuity funds from investing in foreign companies doing business with Iran and requires the funds to divest any interests in such companies was signed into law last week by Governor Corzine.

VITALE BILL TO PROHIBIT NEW JERSEY FROM INVESTING IN IRAN RECEIVES FINAL LEGISLATIVE APPROVAL

TRENTON – A bill sponsored by Senator Joseph F. Vitale which would prohibit New Jersey’s pension and annuity funds from investing in foreign companies doing business with Iran and require the funds to divest any interests in such companies was unanimously approved by the Senate today by a vote of 34-0, receiving final legislative approval.

VITALE BILL TO PROHIBIT NEW JERSEY FROM INVESTING IN IRAN APPROVED

TRENTON – A bill sponsored by Senator Joseph F. Vitale which would prohibit New Jersey’s pension and annuity funds from investing in foreign companies doing business with Iran and require the funds to divest any interests in such companies was unanimously approved by the Senate Budget and Appropriations Committee today.

            TRENTON – Senator Stephen M. Sweeney, D-Cumberland, Gloucester and Salem and member of the Senate Budget and Appropriations Committee, made the following statement today rebutting claims by Republican Senator Nicholas Asselta that the terrorist attacks on September 11, 2001 had a major and lasting effect on the unfunded liability facing the State’s pension system:

TRENTON – Following today’s Senate Budget and Appropriations Committee hearing on the State Pension Fund and its accounting and investment practices, Senator Shirley K. Turner announced that she will introduce legislation to constitutionally require the State to fully pay its annual pension fund commitments.