Tuesday, June 14, 2011

Greenwald Will Advance Pension Reform Bill

New Jersey Assembly Speaker Sheila Y. Oliver and Assembly Budget Chairman Lou Greenwald on Tuesday announced the Assembly Budget Committee will meet Monday to consider the legislation to reform public worker pensions and benefits. More details on the hearing will be announced in the coming days.
Greenwald (D-Camden) said he intends to sponsor the bill in the Assembly.
“This compromise bill protects both taxpayers and future collective bargaining rights and is the right thing to do to steer New Jersey through this economic crisis,” said Greenwald. “Without question, this is an emotional debate, but the bottom line is we need to protect New Jersey taxpayers. This bill will be a major step toward accomplishing that goal.”

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