The Latest: Bill letting some re-enroll in pension passes
Jan. 09, 2018
TRENTON, N.J. (AP) — The Latest on the New Jersey Legislature's final day of voting for the current session (all times local):
The New Jersey Assembly approved a bill to allow a handful of public officials to re-enroll in the pension system after being kicked off when elected to a new office.
The bill now heads to GOP Gov. Chris Christie's desk.
Senate President Stephen Sweeney said the bill that passed corrects an oversight in the 2007 law that established a 401(k)-style retirement plan for newly elected officials
Former Democratic Camden Mayor Dana Redd is among the officials who would benefit. Sweeney confirmed that Democratic lawmakers James Beach, a Camden County state senator, and Ralph Caputo, an Essex County assemblyman, could also benefit from the legislation.
New Jersey has one of the worst-funded pensions in the country, with a liability estimated at about $80 billion to $90 billion.
New Jersey legislators have sent to Gov. Chris Christie's desk a measure authorizing billions of dollars in tax credits to lure Amazon's second headquarters to the state.
The Democrat-led Legislature passed the bill on Monday, as they considered dozens of bills during their final session before a new governor and legislators are sworn in.
Christie, a Republican, has signaled support for the bill. He hands state government over to Democratic Gov.-elect Phil Murphy on Jan. 16.
Aside from the bill aimed at Amazon, lawmakers also considered legislation prohibiting operating a drone while intoxicated and a measure to crack down on reckless driving.
Financial rescue legislation for nuclear power plants appears to be on hold after outgoing Assembly Speaker Vincent Prieto failed to post it for a vote.