N.J. Business & Industry Assoc. applauds pension/benefits reform as long overdue

TRENTON  – The New Jersey Business & Industry Association today praised the Assembly passage of the public health benefits and pension reform bill Thursday night.

“Pension and health benefits reforms are critical components of both the Governor’s and state Legislature’s efforts to control property taxes,” President Philip Kirschner said in a release. “This landmark legislation is a major step in the right direction, and both the governor and legislative leaders should be applauded for their efforts.”

Because the bill was tweaked Thursday, the Senate still must vote again Monday before it heads to the governor’s desk for his signature.

“Since coming into office, Gov. Christie has made this reform a priority, and he has been steadfast in his commitment to get it done,” said Kirschner. “This is a tremendous accomplishment that will benefit the taxpaying public for decades.”

The N.J. League of Municipalities also praised the vote Thursday, while union organizations condemned it.

“Senate President Steve Sweeney and Assembly Speaker Shelia Oliver saw the need to move this legislation because the generous benefits given by the state over the years were simply unsustainable,” Kirschner said. “The legislative leaders of both parties have handled this controversial issue with both courage and compassion and should be praised by everyone for their fine work.”

http://www.politickernj.com/48926/nj-league-municipalities-hails-passage-pension-and-benefits-reform

 

N.J. Business & Industry Assoc. applauds pension/benefits reform as long overdue