NEWS, SPORTS, COMMENTARY, POLITICS for Gloucester City and the Surrounding Areas of South Jersey and Philadelphia

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YOUR MONEY: Sweeney Urges Pension Funding Overhaul to Reduce Impact On State Budget

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State Senate President Steve Sweeney (D-Gloucester) Senate President Stephen Sweeney (D-Gloucester) wants to overhaul the state's pension funding formula to make annual state pension contributions lower and more "manageable" over the next decade while preserving benefits for retirees. "Governor (Chris) Christie says the state can't afford to get to 100 percent funding of the public employee…

 

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